Welspun One & Modair CEOs highlight Infra & Aviation needs for Union Budget 2025
The CEO of Asset Management at Welspun One, Sudeep Mehrotra and the Chief Executive Officer at Modair Aviation, Amit Mittal voiced their expectations for the Union Budget 2025.
CEO of Asset Management at Welspun One, Sudeep Mehrotra said, “In the past 10 years, there has been a consistent increase in the infra spent by the government. And there has been increasingly more clarity in terms of how various components of infra are integrated to create the backbone of our economy. What's still to be seen is that as we grow year after year at 7, 8% and by 2047, reach the idea of Viksit Bharat, it's very important that some of the sectors which support the backbone are actually lead. They grow first and then the demand catches up...”
Chief Executive Officer at Modair Aviation, Amit Mittal said, “...My expectations from the budget are that aircraft financing is a very big demand of the industry and most of the Irish leasing companies and companies from abroad are giving aircraft and commercial aircraft and leases to airlines here in India. So one of the things which can be done in the budget is maybe aircraft financing be declared as infrastructure financing. So the banks and the NBFCs in India can look at it that way...”
