Pre – Budget expectation note from  Major Manjit Rajain, Group Chairman, Tenon.  

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Major Manjit Rajain[Group Chairman, Tenon],

“The forthcoming Union Budget is expected to unveil reform-centric policies and an action plan that would help boost the growth. The security industry is the second largest employment generator in India, which provides fresh workforce through facilitating pre-job and on the job training. Considering recent initiatives taken by the current government in the areas of agriculture, job creation, skill development and education, we hope this budget to be beneficial for companies like us. We expect new tax incentives in the areas like skill development & job creation and are very optimistic about new policies. Through this Union budget’17, we would request the government to categorize the private security guard under skilled and highly skilled workers under minimum wages Act, while providing with more tax incentives for such trainings. In addition to this, we are expecting simple tax compliances under proposed GST environment. Furthermore, we hope the reduction in custom duty on the electronic security products for the growth and expansion of the industry.”

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