Manish Agarwal, Partner and Leader Infrastructure, PwC said, "Increased spend on Road and Rail is welcome, as is proposed Amendment to AAI Act to encourage city side development.
Manish Agarwal, Partner and Leader Infrastructure, PwC said, "Increased spend on Road and Rail is welcome, as is proposed Amendment to AAI Act to encourage city side development. PPP Model for development of airports in Tier 2 cities will need to be seen. Recapitalisation of Banks will help to some extent."
Vipin Sondhi, MD & CEO, JCB India said Finance Minister Arun Jaitley has presented a well-balanced and constructive combined budget, focusing on the most critical aspects of the economy, such as Infrastructure, agriculture and rural India.
"The budget has managed to press key buttons that are necessary to bolster overall development of the nation...A record investment of Rs 3,96,135 crore for infrastructure, 1.31 lakh crore for railways is a big boost to the economy and a step in the right direction. Thrust on agriculture sector with credit set at Rs 10 lakh crore will aid country s all round development," he said.
International Road Federation (IRF), a Geneva based global body working for better and safer roads has welcomed increased budget allocation for roads and highways, which will help in improving much needed India s road transport infrastructure.
"The increase in budget allocation for roads and highways to Rs 64,000 crore from Rs 57,676 crore and earmarking of Rs 27,000 crore for rural roads in the Financial Year 2018 is welcome as this will help improve infrastructure," said K K Kapila chairman, IRF.
Vikash Kumar Sharda, Director, Capital Projects & Infrastructure, PwC, said the Budget focuses on rural roads and the Highway Ministry needs to mobilise additional resources to achieve the target of road development.
Pirojshaw Sarkari, CEO, Mahindra Logistics said, "The recent budget has been extremely positive for logistics sector since it puts huge emphasis on infrastructure segments such as highways, railways, ports and aviation. Any expansion or enhancement of transportation infrastructure or even increase in consumption directly benefits the logistics sector." Julian Bevis, Senior Director, South Asia, Maersk Group in response to the Union Budget said India has has the opportunity to increase its share in global trade and a 10 per cent reduction in trade costs can boost the country s competitiveness and contribute additional revenues of up to USD 5.5 billion annually.
"Maersk welcomes the Budget s proposed increase in expenditure on infrastructure for improving coastal road connectivity from ports to the hinterland, expanding railway connectivity, introducing end-to-end integrated transport solutions in partnership with logistics players, and encouraging public private partnerships for airport developments in certain smaller cities," he said. MORE
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
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