Growth oriented budget: TS industry
The Budget invoked a lot of positive response from the Telangana industry bodies. Several industry experts gave their positive feedback after the budget presentation.
Hyderabad: The Budget invoked a lot of positive response from the Telangana industry bodies. Several industry experts gave their positive feedback after the budget presentation. Vagish Dixit, Chairman, CII Telangana said, that the budget strongly focuses on Sustainability and strengthening green initiatives which is a welcome as we are aiming at becoming net zero by 2070 such prioritisation is very important.
As India is moving towards becoming one of the largest economies in next 10 years, strong emphasis on Infrastructure with an allocation of Rs 10 lakh crore is a good one. As we await for more details, he mentioned that hopefully our Telangana state could benefit from this strong focus. He appreciated the union minister for accepting many recommendations submitted by CII.
C Shekar Reddy, Vice Chairman, CII Telangana appreciated the efforts of Union government and opined that Significant amount of thrust has been given to Digital ecosystem for skilling and livelihoods is expected to bring more transparency and improvise the system. Provisions for startups, will boost the country's economic growth.
Personal income tax rebate is a much needed and a good relief for the common person. Urban Infra fund will give a fillip to the infra sector and strong focus on Sustainability is highly appreciated as CII being one of the pioneers in promoting and strengthening Green buildings movement and encouraging sustainability initiatives by the Industry through its Centres of Excellence.
The Federation of Telangana Chambers of Commerce and Industry (FTCCI) called it a futuristic budget with a year full of promises. Anil Agarwal, President of FTCCI said, "The seven priorities: inclusive growth, reaching the last mile, infrastructure development and investment, unleashing the potential, youth power financial sector and green growth ensure development of all sectors."