SIAM welcomes a growth-oriented budget
Says budget focused on Building Long Term Strength using Investment as the growth lever
cityairnews
Feb 1, 2022 07:30
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Kenichi Ayukawa, President, SIAM
“SIAM welcomes a growth-oriented budget focused on Building Long Term Strength using Investment as the growth lever while maintaining policy stability and inclusivity. The 35% increased Capex outlay, major infrastructure projects like 25,000 km road construction, 100 Cargo terminals, Project GatiShakti, 5G network, optic fibre cable laying and the recent PLI schemes are major positives. Leveraging Biomass and support to ethanol blending for both environment and economy gains could unlock the power of India’s rural economy. Steel price cooling off measures will help the entire manufacturing sector. Impetus to charging infrastructure and energy storage systems and government support in R&D for clean energy, green mobility and semiconductors will help the auto sector. We welcome the message on Ease of Doing Business and look forward to this being observed in spirit by all department.”
