Post-Budget quote from Mr. V.G.Sakthi Kumar, Whole-time Director, SCHWING Stetter Sales & Services Private Limited:
The First Budget of the New Government looks very positive with many new Projects in Infrastructure NHAI, Power (Conventional & Non-Conventional), Housing, Ports & Airports, Commitments for supplies to Thermal Plant and extension Tax Holiday to Power Companies will encourage more investments in this area. Allowing banks to decide on Long-term Financing in Infrastructure Projects is a welcome move which will benefit companies in Infrastructure area. Tax exemption of Housing Loan Interest increase, will be a boost for Housing Projects is also very positive. Rural Infrastructure & Smart Cities, creating authority for New Industrial Corridors and announcing 20 New Industrial Clusters, Textile Parks and various measures like reviving SEZs will help Manufacturing. Encouraging PPP and reviving Mining will all drive the growth of Infrastructure thereby Machinery used for Infrastructure development.