With several socio-economic and political concerns clouding the economy and its business sectors, the market had its eyes set ambitiously on the Budget 2020. While delivering the longest ever Budget speech, it could be said that the Union Finance Minister Nirmala Sitharaman successfully crafted an impressive and progressive long term plan for India’s development. The Budget 2020 clearly was an indicator proving the Government’s focus and strategy to ensure the country’s progress.
With massive investments and uplifting measures being outlined infrastructure, agriculture and rural development has gained centre stage in the Budget 2020. However, despite the impressive plans and financial allotments the market has also raised a voice on the Budget lacking to bring in an immediate push or a quick relief to the clouding economic concerns. However, the Government stands firm on the Budget to bring back the economy on track and also achieve its targeted results.
Infra Boons
Though not immediate, but certainly the Budget 2020 does have brought in a reason to cheer especially for the infra-construction and allied sectors. A clear emphasis is being put forth on the infrastructure development through sectors like roads, railways, airports, ports, economic corridors, real estate (especially affordable housing), solar power, water supply and sanitation, health infrastructure and education to leverage the country’s socio-economic and political well-being. Through the Budget the intention to reinforce towards creating a national infrastructure pipeline (NIP) was also being put forth.
Transport sector alone bagged investments worth ₹ 1.7 lakh crore in the Budget 2020-21 wherein, the key initiatives announced for the infrastructure sector includes:
• Proposed National Logistics Policy
• 12 highway bundles to be monetised by NHAI
• Proposed 2,500 km highway development
Diese Geschichte stammt aus der February 2020-Ausgabe von Epc World.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der February 2020-Ausgabe von Epc World.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Budget 2020: A Mixed Bag of Hits & Misses
While the Union Budget has brought in several reasons for India’s infrastructure and construction industry to cheer and applaud, voices from the market draw out mixed sentiments from the stakeholders. Veena Kurup writes…
Tepid Demand: Awaiting Projects Execution
The industry has a tepid demand in 2019. However, towards the end of the year there were signs of revival and the industry is hopeful to clock 8-10 percent growth in FY2020-21. But, it all depends on how sooner the government’s projects are put on track.
We have lined up few capexes, the payback period are quite attractive
In FY19, our Satna cluster’s utilization levels were at 90 percent, says VIJAY AGGARWAL, Managing Director, Prism Johnson
Ready for Future: India's warehousing sector
The warehousing sector in India is at the threshold of a new era. From simple godowns and sheds it is evolving into an organised sector with highly automated warehouse mechanism catering to the distinctive needs of each industry.
Policy and regulatory push needed for logistics sector
After entering the spotlight in 2018, the logistics and warehousing sector had an average 2019 due to the overall economic slowdown and global headwinds.
Over the next decade, business opportunities in logistics and industrial parks are going to be robust - Dr. Niranjan Hiranandani CMD, Hiranandani Communities
As India’s new-age economy – including e-commerce and organized retail - morph into the larger quantum of growth, in sync with the same, we have seen commercial real estate throw up some surprises.
Green Cement: A Step Closure to Sustainable Construction Green Cement
Cement is a strong binding agent or adhesive, which serves as the primary ingredient in concrete.
High-performance High-Speed Doors
High Performance Doors are automatic doors used for fast access between internal and external areas of buildings.
Komatsu, L&T and Scania reaffirm commitment to the CE Industry
Komatsu, Scania and L&T Construction Equipment (LTCEL) have put up a panoramic display of 19 machines, making it one of the most comprehensive displays of Construction, Earthmoving and Road Machinery.
Addressing the Warehousing & Logistics Woes
Budget 2020 gave the warehousing and logistics sector the much-needed oxygen through monetary support and supportive policy measures, explores EPC World
