Quote on Budget Reaction by Mr Prakash Chhabria, Executive Chairman, Finolex Industries Ltd
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Below the Quote on Budget Reaction by Mr Prakash Chhabria, Executive Chairman, Finolex Industries Ltd
"The Union Budget 2024 presented by Finance Minister Nirmala Sitharaman sets a clear roadmap for India's inclusive growth. The government's focus on manufacturing, agriculture, and infrastructure development is commendable. The credit guarantee scheme for MSMEs and the establishment of e-commerce export hubs will significantly boost our industrial capabilities. For the agricultural sector, initiatives like digital crop surveys and promotion of natural farming align well with sustainable practices.
The budget's emphasis on infrastructure, including the PM Awas Yojana's ambitious housing targets and urban development focus, presents great opportunities for the pipe and fittings industry. We applaud the government's commitment to water management, promoting water supply, sewage treatment, and solid waste management projects in 100 large cities. This initiative, along with plans for treated water reuse, demonstrates a holistic approach to water resource management. The measures for empowering women and youth, combined with substantial rural development allocation, promise inclusive growth. We look forward to contributing to these progressive initiatives as we work collectively towards building a more prosperous India."
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