The Perspective of Mr. Dheeraj Panda, Managing Director, Ammann India on key infrastructure and construction related announcements in the Union Budget and their implications for the roads and highways sector.
“The Union Budget reinforces infrastructure and manufacturing as twin engines of India’s next growth phase, with central capex rising to over ₹12 lakh crore. The announcement of execution of seven new high-speed rail corridors, multimodal logistics, freight-linked infrastructure and urban connectivity especially in tier-2 and tier-3 cities, will drive demand for high-output, reliable and technologically advanced construction equipment. Long-term visibility is critical for the construction and equipment industry to plan capacity, technology investments and localisation with confidence.
Additionally, MSME-focused measures like improved payment cycles, credit support, and cluster revival will enable smaller contractors to modernise fleets and adopt advanced plants and pavers to cater to the changing infrastructural needs.
We congratulate the Hon. Finance Minister on the policy continuity, ecosystem support, and forward-looking incentives needed for the construction equipment industry to enable India’s infrastructure-led growth over the next decade.”
