Budget reaction – Kamal Nandi, Business Head & EVP, Godrej Appliances

New Delhi, February 03, 2017: “We believe the recently announced budget will have a positive effect on the consumer appliances segment through increased demand for such products and push towards domestic manufacturing. After the recent demonetisation move and resultant fall in demand for consumer appliances there was an urgent need to spur demand and revive the segment. Lower tax rates for individuals within 2.5 – 5 lakh income segment and rebate for others should give a fillip to consumer spending and demand for consumer appliances.

Additionally, the government’s move to tweak customs and central excise duty structure to promote its flagship ‘Make in India’ scheme will benefit domestic manufacturers like us, thereby reducing reliance on import of such products. The increased focus on boosting agricultural income as well as a greater thrust on rural economy is welcome as it will help in rural penetration. Infrastructure focus will also help in furthering adoption of home appliances”

Mr. Kamal Nandi, is the Business Head & Executive Vice President of Godrej Appliances, a 2750 Cr. flagship division of Godrej & Boyce Mfg.Co.Ltd.

He joined the company in 1997 with a Regional responsibility, and was promoted as a General Manager for West in 2001. In 2003 he took over additional responsibility of Eastern Region. In 2004, he was made the Head of Sales for the Appliance division. In 2005 he was promoted as Vice President –Sales, with responsibility of domestic & international markets. In 2006 he was given the additional responsibility of New Product Development & Marketing. In 2010 he became the Executive Vice President for Sales, Marketing & New Product Development. Last year, he has been promoted as the Business Head & Executive Vice President for Godrej Appliances.

Mr Nandi is an eminent industry spokesperson; he is the Chairman of Home Appliance Industry Council of CEAMA (Consumer Electronics and Appliance Manufacturers Association) and a Member of RAMA (Refrigeration & Air-conditioners Manufacturers Association). He Heads the Godrej & Boyce Marketing Council and is a member of the Strategic Marketing Team for the Group.

Having completed his Bachelor’s Degree in Mechanical Engineering and his MMS(Marketing) from Welingkar Institute, Mr. Nandi started his career with Crompton Greaves as Marketing Executive in the year 1990, and later in 1994 moved on to join IFB Bosch as Regional Manager (West), prior to joining Godrej.

Corporate Comm India(CCI Newswire)