Expert's View

Rajan Aiyer, Vice President and Managing Director, Trimble, South Asia Region on the recent budget

This year’s budget has opened wide opportunities for the infrastructure and construction industry

“This year’s budget has opened wide opportunities for the infrastructure and construction industry, with a clear focus on building a modern and world-class infrastructure for India. We welcome the significantly increased allocation to infrastructure capex compared to last year, while the measures to speed up approvals for low cost housing projects and additional allocation to the PM Awas Yojna will together go a long way in delivering housing for all. Finally, we are glad that the government is looking to align the National Infrastructure Pipeline (NIP) with the PM GatiShakti framework, with the larger goal of economic transformation through improved pan-country logistic efficiency. Overall, the budget has underlined the government’s intent to work closely with the infrastructure and real estate industry as it seeks to build a new and modern India.”

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