You are here: Home » Budget » Reactions » Industry
Business Standard

Budget packs a punch for infrastructure sector: Ajit Gulabchand

Chairman and Managing Director of HCC says huge expenditure planned for the sector is a welcome move

Ajit Gulabchand 

Ajit Gulabchand
Ajit Gulabchand

The finance minister's acknowledgement that spending on infrastructure spend was inadequate is greatly welcome.

The has given a push to infrastructure and the huge expenditure planned is a welcome move for the sector..

Read our full coverage on Union Budget


The promise to create and deepen the debt bond market in India so private sector can raise long term money is a step in the right direction, and addresses a long felt unfulfilled need.

A Bill to help settle disputes, the amendments to the Arbitration Act and the Procurement Law,will go a long way in making Contracting robust.

Recognising and taking on the sovereign risk on PPP concessions, where the risks were earlier cast upon the private sector is a step in the right direction.

India continues to very highly taxed, after taking all applicable taxes it works out to be 46%. The first step to reduce this has started, by reducing corporate tax in the coming year.

Lending sector reforms have also been initiated by creating a monetary policy committee in the RBI and starting a separate debt management agency will aid in bringing financial sector reforms.

Overall a good and in the right direction, no big bang announcements, however, outcome will depend on its implementation according to schedule.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, March 01 2015. 17:48 IST
RECOMMENDED FOR YOU