Budget Reaction Quote – Mr. Rajiv Agarwal, Operating Partner (Infrastructure), Essar and Managing Director, Essar Ports
Mr. Rajiv Agarwal, Operating Partner (Infrastructure), Essar and Managing Director, Essar Ports.
“The Union Budget 2023 is a significant one, continuing the trend towards more productive capital expenditure. It gives a major thrust to the transport infra sector. We welcome the provisions for ease of doing business which will help lay the foundation for big private investments in infrastructure development. An increased emphasis on promoting coastal shipping as a low energy mode will be a critical enabler transitioning towards green growth. In addition, its higher capital outlay for Infra being hiked by 33% to Rs 10 lakh crore will reward the sector and counter global headwinds. The massive push on the capex spending and infrastructure development will go a long way in fulfilling the nation’s ‘AatmaNirbhar’ dream.”