Tax sops will boost investor confidence: Gadkari

September 20, 2019 17:03

Terming the massive Rs 1.45 lakh crore tax giveaways announced by the government earlier in the day on Friday, as "historic", Union minister Nitin Gadkari said the move will boost investor and entrepreneur confidence.

Expressing confidence that the tax cuts will increase the confidence of investors and entrepreneurs, he said "the decision is a historic one" and this can be construed as the growth engine for the MSME sector.

"For achieving the dream of becoming a USD 5-trillion economy (by 2025), such a decision is important. I am sure the market will react positively to the move. We have already seen the share markets rallying," he added. -- PTI

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