Mr. Sharad Malhotra, President - Automotive Refinishes and Wood Coatings, Nippon Paint India along with his photograph and Nippon boilerplate for your reference.

“The government has been taking great initiatives to develop the industry and boost the economy. As the nation stands at the cusp of a new multiyear economic upcycle, fuelled by rising investments, the upcoming budget 2022 will play a key role in determining India's growth strategy. The government should consider more incentives for investments made towards research and development, increasing RoDTEP (Remission of Duties and Taxes on Export Products) rates, and enhancing incentives to promote ‘greener’ technologies. Tax reductions, uniform GST rate and investment in infrastructure development are also key considerations for the FM to ponder. We in the industry are keen to accelerate skill development, import substitution and build greater supply chain resilience and we are expecting some government interventions here. Finally, the government must look at controlling fuel prices and the exponential rise in commodity prices to boost buying sentiments of the consumers.” By Mr. Sharad Malhotra, President - Automotive Refinishes and Wood Coatings, Nippon Paint India

About Nippon Paint

Founded in Japan, Nippon Paint has over 140 years of experience in Paints & Coatings. Nippon Paint is the No.1 Paints and Coating Company in Asia and also the 4th Largest Globally. Nippon Paint Group has over 25,544 employees with 95 manufacturing facilities and operations in 22 countries, efficiently serving all aspects of the business, from production to customer satisfaction. Nippon Paint Refinishes Segment provides complete paint and consumable solutions for Crash Repair and Refurbishing centres & Commercial Vehicles Globally.