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Accredited to Mr. , Gunjan Srivastava, MD &CEO of BSH Household Appliances.
The Union Budget 2017 presented yesterday, announced a host of reforms and policies which are pro-growth, positively impacting consumers. The proposed deduction in income tax rate by 5% under the income band of 2.5-5 lakhs will help in strengthening the purchasing power of individuals and can also be seen as a step towards redistribution of wealth. The increased focus on infrastructure sector (with a record allocation of Rs 3.96 lakh crores) coupled with the reduction in the holding period for the long term capital gains for immobile assets from 3 years to 2 years, is likely to provide the much needed impetus to the real estate sector. With the reinforcement of the Finance minister on the roll out of GST per scheduled we are optimistic about the growth prospects of the industry.
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About BSH Household Appliances Manufacturing Pvt. Ltd.BSH Household Appliances Manufacturing Pvt. Ltd. is the largest manufacturer of home appliances in Europe and is ranked number 2 in the sector worldwide. The group stemmed from a joint venture set up in 1967 between Robert Bosch GmbH (Stuttgart) and Siemens AG (Munich). In 2015 Bosch bought 50% stake from Siemens and now is 100% owner of BSH Home Appliances Group. Today, BSH operates in about 42 factories in 13 countries in Europe, the USA, Latin America and Asia. Together with a global network of sales and customer service firms, the BSH family is today made up of about 70 companies in 46 countries, with a total workforce of nearly 56,000 people. It had a turnover of 12.6 billion Euros in 2015.
With a portfolio of 14 brands, BSH covers a wide range of consumer needs. Alongside the Global Brands Bosch and Siemens¹ as well as Gaggenau and Neff, the portfolio comprises the Local brands, namely Thermador, Balay, Coldex, Constructa, Pitsos, Profilo, Ufesa and Zelmer, as well as the Label Brands Junker and Viva.