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JCB India Limited - Vipin Sondhi, MD & CEO: Statement on the Budget

July 26, 2019

"The Union Budget presented by the government is about India's long term vision. It addresses the many factors required for our country to become a $ 5 Trillion economy in a few years from now. The budget aims at building India's capability across sectors. Vital amongst them, is the creation of Social Infrastructure which would thus lead to an improvement in the ease of living. In addition to urban India, it has kept rural India and agriculture in focus. An allocation of Rs. 80,000 crores for rural roads, will improve connectivity and will also create opportunities for trade and employment for youth. The budget also brings to forth the thrust towards building a sustainable environment with a strong focus on water management through the 'Har Ghar Jal' initiative. Moreover, it addresses the aspect of electric mobility as well and intends create an ecosystem for it to scale up. The budget touched upon the importance of growth for MSMEs to improve exports through innovation. With infrastructure growth being vital to achieve all of the above, a revival of the PPP, structural reforms in asset monetisation and a notable provision for infrastructure with improved liquidity over the next few years is welcome.”


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