Infrastructure sector bats for continued govt-led capex thrust in Budget ...Middle East

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Infrastructure sector bats for continued govt-led capex thrust in Budget
Infrastructure leaders have urged continued focus on the government’s capex-led growth strategy in the upcoming Budget to further boost the economy. At a pre-budget meeting, Chaired by Economic Affairs Secretary Ajay Seth, here on Saturday, infrastructure industry honchos have sought at least a 30 percent hike in the Centre’s capex allocation for 2024-25 to about ₹13-lakh crore. “I made a strong suggestion for 30 percent increase in infrastructure budgetary allocation from existing ₹10-lakh crore to ₹13-13.5-lakh crore”, Vinayak Chatterjee, Founder and Managing Trustee, The Infravision Foundation told businessline after the meeting. This 30 percent hike is the minimum required to ensure th

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