ML Mittal, Managing Director, Bharat Wire Ropes on the union budget 2022

Thrust on Capex, strengthening the infrastructure and policies to support the survival and growth of MSME has been some of the key focus areas of the budget 2022-23.

Push on infrastructure via the Gati Shakti will provide the much-needed push to infrastructure development. Rural India is the backbone of our economy and an enhanced focus on rural infrastructure development will bolster the Indian economy.
The government has provided the much-needed lease of life to the MSME sector. The extension of ECLGS till March 2023 and additional allocation credit facility to the extent of 2 lakh crores via CGTMSE will help provide the impetus to MSME growth.

Thrust on rural housing with housing project allocation of 48,000 cr will provide wings to the real estate development in rural India.
The massive thrust on the capex spending is clearly the highlight of this budget and will go a long way in fulfilling the aatma nirbhar dream.