The Finance Minister has proposed several measures in the manufacturing sector to boost domestic production. The budget proposes investment allowance at the rate of 15 per cent to a company that invest more than 25 crore rupees in a year in new plant and machinery. The benefit will continue for three years. Describing supply of power a major area of concern, the budget proposed to extend the 10 year tax holiday for undertakings that begin generation, distribution and transmission of power by end of March 2017.For detailed Budget speech click here:AudioText