Eaton Corp. [Apr 2012]

A status quo budget. We were looking for more concrete initiatives that could quickly propel India’s growth and more specifically, increase manufacturing from 16 to 25% of GDP. We hope the Government can progress on the implementation towards GST and early enactment of DTC to make this a truly favourable budget. The amendment to section 9 (transfer of shares) is a cause of concern for Eaton and other MNCs doing business in India.-Raja Kochar, MD-India, Eaton Corp.

7