ISO 9001:2015 Certified
closex Call Us 11-23320714, 23721504,

 Upcoming Event
to forge a partnership on Technology Commercialization Initiative, FICCI-AMITY and IC2 Institute University

FICCI's National Committee on Transport Infrastructure 

APN News , Feb 02, 2019

FICCI Infrastructure Committee has welcomed the mammoth budgetary support of approximately Rs 4.56 lakh crore under the union budget for the infrastructure sector for the financial year 2019-20. This includes roadways, railways, shipping and aviation.

“There was a dire need to give impetus to the infrastructure sector in view of its capital-intensive nature and long gestation period for infrastructure projects. Hence, augmented budgetary allocation, tax incentives, strong reinforcement of investment in the sector and key policies would ensure time-bound creation of world-class infrastructure and propel India’s overall development.” Said Mr K K Kapila, Co-chairperson, FICCI Infrastructure committee and Chairman, International Road Federation (IRF) reacting to the Union budget presented by Interim Finance Minister Piyush Goyal.

“From highway construction to expansion in civil aviation and the start of inland waterway freight services, the augmented budgetary allocation will help to boost infra sector. The infrastructure sector is a key driver for the Indian economy and the most tangible evidence of the nation’s progress. Investment in this sector has a cascading impact on all sectors such as banking and financial sector, logistics, power sector. Infrastructure sector also aids in employment generation and socio-economic development of the country. “ Mr Kapila said.

“Allocation of Rs.19,000 crore for 2019-20 as against the Rs15,500 crore spent in 2018-19 on the Pradhan Mantri Gram Sadak Yojana (PMGSY) will help in giving better connectivity to the rural India and thus boost the infra sector as well as economy of the country” MR Kapila said.

“Of late, a number of infrastructure companies are under stress due to financial hardships as private players and institutions dedicated for infrastructure financing are reluctant to come forward and invest in this sector due to issues such as lengthy dispute resolution, stuck claims, delays, cost-overruns, etc. In order to boost investment in infrastructure sector, we urge the Government to provide for incentives such as extension of tax holidays for infrastructure projects and reduction in taxation.” Mr Kapila added



Also Read

Interim Budget 2019-20 is a Progressive Budget: FICCI

Interim Budget gives more than expectations, says FICCI's Sandip Somany     

Pragmatic and positive - Sandip Somany, President, FICCI     

Interim Budget 2019: Likely consumption boost only takeaway for India Inc     

Pradhan Mantri Shram Yogi Mandhan Pension is excellent scheme: FICCI President     

Budget 2019: Funds, focus, reform – Education sector should get maximum from Modi government     

Budget balances both 'hosh and josh' in election year: India Inc     

Budget balances both ‘hosh and josh’ in election year: India Inc     

Budget 2019 balances josh and hosh: India Inc     

Budget balances both 'hosh and josh' in election year: India Inc     

Interim Budget 2019-20 is a Progressive Budget: FICCI NE     

FICCI terms Interim Budget as ‘Progressive’     

Tax exemption in Interim Budget will help corporate India: FICCI     

FICCI FLO welcome union Budget terms it pro women and pro farmer     

FICCI terms Interim Budget as Progressive     

‘Realistic Budget, addresses current economic challenges’ - Sandip Somany, President, FICCI     

Budget 2019 is a statement of intent, says FICCI president Sandip Somany     

Interim Budget 2019-20 is a Progressive Budget: FICCI     

Tax exemptions in budget to help corporate sector, increase consumption: FICCI President Somany     

A progressive Union Budget: Tandon     

India Inc. hails Interim Budget     


 Interim Union Budget 2019-20