Budget Quotes by Eminent Industrial Personalities

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Rajiv Podar,President ,IMC Chamber of Commerce and Industry.

“A growth Oriented Budget. Our Hon FM has presented a very bold budget covering various aspects from Health to Min Government and Max Governance. Most of the demands of the industry have been considered. DIP will help source long term international funds to support Infrastructure. ARC for NPAs will ease liquidity for the banks and allow.
Bank Credit Growth. Focus is also given on Ease of doing Business and Ease of Living. Infrastructure and spending on Capital Expenditure will have a multiplier effect on the economy and GDP. Increased budget in Health and well-being will reduce health expenditure from 65pc to 35 pc. ,” Says Mr Podar
Sunil Gupta,MD & CEO, Avis India
We welcome the Union Budget tabled by the Finance Minister today, especially the announcement of voluntary scrapping policy. This comes in as a big support to automakers, who will benefit from this policy. Moreover, personal vehicles older than 20 years and commercial vehicles older than 15 years to undergo a fitness test is indeed focused on phasing out older vehicles. It will in turn promote the use of more eco-friendly vehicles. The specifics of the policy will be announced by MoRTH in the days to come. The annual budget brings in good news for commercial vehicles as well with 18,000 crore to be allotted for procuring and maintaining 20,000 buses as well as the construction of road infra to support the sale of commercial vehicles. It is therefore the highest ever allocation of 1.08 lakh crore to MoRTH for capital. We further welcome the FM’s move on increasing custom duties on some auto parts by 15%.

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