Mr.
Shalabh Chaturvedi, MD, CASE Construction Equipment – India & SAARC
“The Union Budget reflects
a strong commitment to inclusive and sustainable growth, covering key areas
such as infrastructure development, green energy, taxation reforms, and social
welfare. The substantial increase in funding for key infrastructure projects,
NIP extension, bridging the rural-urban divide, and enhanced allocations urban
infrastructure set the stage for new opportunities in Construction Equipment
Industry. The ₹2.87 lakh crore allocation for road transport and highways is a
significant investment that aligns with our mission to support and strengthen
India's infrastructure growth.
Furthermore, the emphasis
on National Centers of Excellence for Skilling and vocational training is a
welcome move, ensuring that India is future-ready by integrating innovation,
technology, and workforce development. With initiatives like the National
Manufacturing Mission, 50,000 Atal Tinkering Labs, and Centres of Excellence in
AI, the government is fostering a robust ecosystem that promotes growth,
upskilling, and employment generation. We are excited to be part of this
transformative journey and contribute to India's economic and industrial
progress.”
Mr.
Puneet Vidyarthi, Head of Brand Marketing, CASE Construction Equipment - APAC
& President, Rural Marketing Association of India
"The Union Budget
places a strong emphasis on agricultural growth and rural prosperity,
reinforcing the foundation of 'Bharat.' The modified UDAN scheme, aimed at
connecting 120 new destinations across India, is a game-changer, paving the way
for progress by enabling better connectivity, fostering reverse migration, and
generating employment opportunities in Tier 2 and Tier 3 cities.
Additionally, allowing
states an additional borrowing limit of 0.5% of GSDP opens the door for more regional-level
reforms and development. The budget strikes a unique balance between urban and
rural growth, green initiatives, infrastructure expansion, innovation, and
social welfare. In essence, this budget empowers rural India, ensuring
inclusive and sustainable progress for the nation.”