We only hope that these projects are implemented quickly so that the construction equipment industry will be benefitted fast. The budget clearly indicates governments intention towards policy reforms towards stabilising the economy and boost investment. We had expected that the retrospective amendment issued during the last budget will be rolled back, whereas again a committee has been appointed to look into this. We hope that this committee will put an end to this problem quickly to boost investor sentiments. There are many other issues which we expected will be brought out in this budget. We have to look at the fine prints. Then we will have more clarity on these issues."
Mr. Anand Sundaresan, Vice Chairman & Managing Director, SCHWING Stetter
“The First Budget of the New Government looks very positive with many new Projects in Infrastructure
NHAI, Power (Conventional & Non-Conventional), Housing, Ports & Airports, Commitments for supplies to Thermal Plant and extension Tax Holiday to Power Companies will encourage
more investments in this area. Allowing banks to decide on Long-term Financing in Infrastructure Projects is a welcome move which will benefit companies in Infrastructure area. Tax exemption of Housing Loan Interest increase, will be a boost for Housing Projects is also very positive. Rural Infrastructure & Smart Cities, creating authority for New Industrial Corridors and announcing 20 New Industrial Clusters, Textile Parks and various measures like reviving SEZs will help Manufacturing. Encouraging PPP and reviving Mining will all drive the growth of Infrastructure thereby Machinery used for Infrastructure development.”
Mr. V.G.Sakthi Kumar, Whole-time Director, SCHWING Stetter Sales & Services Private Limited
