Budget 2017-18 – provisions for safe drinking water and water filter membrane – Marzin Shroff, CEO- Eureka Forbes Limited

New Delhi, February 04, 2017: “We appreciate the efforts of the government aimed at solving the drinking water problems of India. Eureka Forbes is the market leader in water purification and we would be happy to extend our support towards these efforts by leveraging our technology know how and available solutions. We welcome this move.”

“With regards to the announcement on the water filter membrane, we are yet to get the exact details, however if there are benefits that come to the industry we will be keen to pass it to the consumer to grow the market. Also, the custom duty has been increased from 7.5% to 10% while excise has been reduced from 12.5% to 6% for RO membranes only. This may not have any significant impact on the customer price for water purifiers.”

Corporate Comm India(CCI Newswire)