Infrastructure is a central theme of the Budget, which is otherwise, in the FM’s own words, not headline-making.
The expanded definition of infrastructure, to include agriculture, oil & gas and telecom related areas, would attract investments.
There is an impetus to financing, through tax-free bonds, easing of ECBs, and reduction in withholding tax.
--Manish B Agarwal, Head Infrastructure Advisory, PwC India
