Construction Mirror Article detail

Budget Reaction Quote by Mr. Shalabh Chaturvedi, MD, CASE Construction Equipment – India & SAARC:

"The Union Budget reflects a strong commitment to inclusive and sustainable growth, covering key areas such as infrastructure development, green energy, taxation reforms, and social welfare. The substantial increase in funding for key infrastructure projects, NIP extension, bridging the rural-urban divide, and enhanced allocations urban infrastructure set the stage for new opportunities in Construction Equipment Industry. The ?2.87 lakh crore allocation for road transport and highways is a significant investment that aligns with our mission to support and strengthen India's infrastructure growth. 

Furthermore, the emphasis on National Centers of Excellence for Skilling and vocational training is a welcome move, ensuring that India is future-ready by integrating innovation, technology, and workforce development. With initiatives like the National Manufacturing Mission, 50,000 Atal Tinkering Labs, and Centres of Excellence in AI, the government is fostering a robust ecosystem that promotes growth, upskilling, and employment generation. We are excited to be part of this transformative journey and contribute to India's economic and industrial progress."

Budget Reaction Quote by Mr. Puneet Vidyarthi, Head of Brand Marketing, CASE Construction Equipment - APAC & President, Rural Marketing Association of India:

"The Union Budget places a strong emphasis on agricultural growth and rural prosperity, reinforcing the foundation of 'Bharat.' The modified UDAN scheme, aimed at connecting 120 new destinations across India, is a game-changer, paving the way for progress by enabling better connectivity, fostering reverse migration, and generating employment opportunities in Tier 2 and Tier 3 cities.

Additionally, allowing states an additional borrowing limit of 0.5% of GSDP opens the door for more regional-level reforms and development. The budget strikes a unique balance between urban and rural growth, green initiatives, infrastructure expansion, innovation, and social welfare. In essence, this budget empowers rural India, ensuring inclusive and sustainable progress for the nation."