Interim Budget 2024: Post Budget Insights by Egis India

The Interim Budget 2024 was presented by the Finance Minister Nirmala Sitharaman on 01.02.2024.

Mr. Sandeep Gulati, Managing Director, Egis India said, We are thrilled to see the government’s commitment to bolstering the nation’s infrastructure across various sectors. The vision outlined, encapsulating Sabka Vikas, Sabka Vishwas, Sabka Saath along with the aspiration for a Developed India by 2047, resonates deeply with our own dedication to contributing to the country’s growth and prosperity.

Highlights:

The record-breaking pace at which all forms of infrastructure, including digital, social, and physical, are being developed is commendable. The doubling of the number of airports to 149 in the last decade, alongside the expansion of existing airports and the comprehensive development of new ones under schemes like UDAN, indicates a strong commitment to enhancing connectivity and accessibility throughout the nation.

Furthermore, the proposed expansion of Metro Rail initiatives like Namo Bharat to additional cities reflects a forward-looking approach to urban transportation and sustainable development. The implementation of major railway corridor programs under PM Gati Shakti underscores the government’s focus on improving logistics efficiency, which is vital for driving economic growth and competitiveness.

We particularly welcome the initiative to launch the Housing for Middle-Class scheme, which will empower more individuals to realise their dream of homeownership while stimulating growth in the construction sector. The emphasis on enhancing port connectivity, developing tourism infrastructure, and improving amenities in islands like Lakshadweep demonstrates a holistic approach to inclusive development, ensuring that no region is left behind in India’s progress trajectory.

As an engineering consulting firm, we are excited about the opportunities presented by these ambitious initiatives and look forward to actively contributing to their realisation. We are committed to leveraging our expertise, resources, and innovative solutions to support the government’s vision of building a robust, sustainable, and inclusive infrastructure ecosystem that propels India towards becoming a global economic powerhouse.


Source: Egis India | Image Credit: Egis India