“We support the government’s vision to increase infrastructure development and the multiplier effect this has on productive capacity and creating growth and employment opportunities in the country. The 33% hike in capital investment includes provisions to construct new airports and expand railways as well as incentivising private investments in infrastructure. These will be effective in terms of ensuring better connectivity, increasing capacity, and better efficiency for the system thereby reducing overall logistics costs.”
“The provision for the railways is the highest it has ever been. This is a welcome move to increase overall freight capacity and allow for more efficient connectivity options. Rail, being one of the most efficient modes of transportation, will help in reduction cost reduction as well as reducing greenhouse emissions by decreasing reliance on road and air connectivity only.”
“The budget highlights enhanced regional air connectivity through additional airports and heliports which is imperative so as to connect a larger share of the population to faster connectivity through direct flights for travel as well as cargo movement thereby bridging the distance gap and bringing them closer.”
“Through establishment of the Urban Infrastructure Development Fund (UIDF), the government emphasizes development in Tier 2 and 3 cities. We highly support this initiative as these cities have become major consumption centres for demand as well as producing manufacturing output in recent years with increased digitization. Hence better infrastructure is increasingly critical to support these population centres.”
“We are pleased to see capital allocation highlighted for critical transport infrastructure projects for last and first-mile connectivity. Moreover, provisions towards the use of electric vehicles will help promote more sustainable operations. Additionally, the introduction of the Infrastructure Finance Secretariat will provide broader access to private funds and incentivise infrastructure development benefitting all stakeholders within the manufacturing and logistics ecosystem.”
“This Budget meets our expectations, and we are confident that it will be conducive to robust growth and development of the sector, reducing overall costs, increasing productivity, and positively contributing to the economy.”
