Enceplon appreciates the FM’s gesture to revive economy

Enceplon, a Mumbai based remote health monitoring service solution provider welcomed the latest initiative by our Finance Minister Nirmala Sitharaman in reviving the economy.

Responding to the announcement, the company’s Founder Parthesh Dhaggal said, “The initiative is significant as it is coming at a right time to lift the market sentiments. The proposed measures will give the much-needed push to the housing and export sectors.

Lowering of interest rates on House Building Advance, relaxation of real estate external commercial borrowing for affordable housing and setting up of Stress Fund of Rs. 20,000 crore for real estate for completion of stalled project will increase the demand in the housing sector.

Likewise, remission of duties or taxes on export products, higher insurance cover to banks’ lending working capital for exports, reducing time to exports turnaround, Free Trade Utilization Mission, seamless process digitization of all export clearances, elimination of all offline/manual services and annual mega shopping festivals augur well for the Indian exports and the economy.”