Speaking with TechGraph on the expectations with the upcoming Budget, Jaipur Watch Company, Founder & CEO, Jaipur Watch Company said, “As an entrepreneur, I hope this year’s Budget prioritizes growth-oriented measures and includes incentives for homegrown brands. From a watch industry perspective, considering the hit that we’ve all taken following the pandemic, tax concessions, reduction in GST rates encouraging consumers to spend more is of utmost priority at the moment.”
“Especially since the demand for bespoke gold watches are at an all-time low, what with gold prices soaring, we are looking forward to the budget addressing the issues of high Import/Customs duties on gold and thus helping bring stability to the market. Also, we are hoping government comes up with a special mark for “Made in India” products to distinguish them from Imported products,” Mehta said.
