1. “The interim budget with a focus on three major railway economic corridor programs, along with a strong infrastructure push is a positive move. Along with this, the upgradation of 40 thousand normal railway bogies to the standard of Vande Bharat as well as the expansion of metro networks and NaMo Bharat trains for urban India, will further bolster India’s manufacturing capability and is in sync with the Atma Nirbhar Bharat vision of Prime Minister Modi. The strong capex boost will augment the domestic manufacturing capability and help enhance the level of indigenisation by homegrown players. Amber with its diversified play across EMS, mobility and HVAC is uniquely poised to leverage the emerging opportunities in the manufacturing ecosystem”, said Mr Jasbir Singh, Chairman and CEO, of Amber Enterprises India Limited
2. “The decision by the government to boost rail connectivity through the three corridors will have a positive cascading effect on ancillary industries. Component and bearing manufacturers will have an important role to play in taking this initiative forward. The proposed conversion of 40,000 standard bogies to Vande Bharat bogies further underscores the government’s infrastructure push in the railway mobility sector. Further, with the 11.11 lakh crore infrastructure push we foresee demand for construction bearings. NBC Bearings, with our strong bearing portfolio and domestic market share is uniquely poised to leverage the emerging opportunities in the sector and significantly contribute to the government’s strong infrastructure creation bet for the economy”, said Rohit Saboo, President & CEO, NEI (a part of USD 2.9 billion CK Birla Group).
3. “Being an election year, government has adopted policy of minimal changes. Instead of freebies, government has looked at real upliftment & growth through building of rural houses, Roof top solarisation meeting sustainability goals & providing free electricity, increasing seats for medical students, vaccination, modern storage for agricultural products, increasing dairy productivity, aqua parks etc. The government continues to work towards fiscal consolidation, which should help build credibility globally. Interest free or near interest free long-term loans for Research is a Welcome step and so is enhanced investment on the infrastructure and city development. Some of this investment must be allocated towards cleaner cities with better waste management”, said Mr. Pankaj Poddar, Group CEO, Cosmo First Limited
