Though there was not much on offer specific to Tamil Nadu, industrialists and chambers of commerce have given a fair rating to the 2018 budget. P. Ravichandran, chairman, Confederation of Indian Industry (CII) Tamil Nadu State Council, said: “They have increased customs duty on imported mobile phones; this has pushed the chances of reviving the Nokia plant (near Chennai). ‘Smart budget’The Madras Chamber of Commerce and Industry (MCCI) commented that this was a ‘smart budget’, balancing both the welfare and development agendas. The Tamil Nadu Small and Tiny Industries Association (Tanstia) said that there was no major announcement for small and medium enterprises in the budget. The Tamil Nadu Vanigar Sangakalin Peramaippu expressed disappointment over the budget.

Source: The Hindu February 01, 2018 19:07 UTC