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BUDGET REACTION | Pradeep Misra, Chairman and Managing Director,Rudrabhishek Enterprises Pvt Ltd

India Opportunities  /  Feb 15 2017

“This is the most promising and effective budget for the real estate and infrastructure industry in comparison to last few budgets.  Finally, the affordable housing industry has got the much needed industry status which will not only revive but also give a boost to the almost dead sector.  Industry status will enable these projects to avail the associated benefits.  The surplus liquidity created by demonetization with banks has enabled financial institutions to reduce the landing rates which will give direct benefits to the borrower. Allocation for infrastructure stands at a record Rs 3.96, lakhs crore which is 24% higher than last year budget. The proper and fast implementation of such initiatives and policies will take this country to the next level. The encouragement of PPP model and establishment of small airports, railway security fund, construction of highways and new connected roads across the country will not only strengthen the economical condition of the country but also create millions of job opportunities through parallel industries. Similarly, Rural and urban housing scheme will support the other parallel industries like consumer durable, electronic, home & textile, Cementing, tiles décor etc. Restructuring of FDI policy will lead to inflow of funds in the country which will provide the much needed financial support to the large scale infrastructure projects. Overall it is fair to say that the budget has been drafted with vision and precision. It is going to provide momentum to the entire infrastructure industry

     
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    Pradeep Misra Rudrabhishek Enterprises Pvt Ltd FDI PPP

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