\u00a0\u201cThe Union government in it\u2019s\u00a0budget\u00a0has emphasized on providing a massive push to all kinds of mobile connectivity by taking forward programs across various key sub-sectors such as roads, rail, inland waterways, air connectivity.\u00a0There was a dire need to give impetus to the\u00a0infrastructure\u00a0sector in view of its capital-intensive nature and long gestation period for\u00a0infrastructure\u00a0projects. Hence, augmented budgetary allocation, would ensure time-bound creation of world-class\u00a0infrastructure\u00a0and propel India\u2019s overall development.\u201d Said Mr K K\u00a0Kapila, Co-chairperson,\u00a0FICCI\u00a0National\u00a0Committee\u00a0on Transport\u00a0Infrastructure\u00a0and President, Emeritus , International Road Federation (IRF) in a press statement .<\/p>\n\n\n\n
\u00a0\u201cFrom highway construction to expansion in civil aviation and the start of inland waterway freight services,\u00a0the Rs 1.7 Lakh crore \u00a0allocation will help to boost\u00a0infra\u00a0sector. The\u00a0infrastructure\u00a0sector is a key driver for the Indian economy and the most tangible evidence of the nation\u2019s progress. Investment in this sector has a cascading impact on all sectors such as banking and financial sector, logistics, power sector.\u00a0Infrastructure\u00a0sector also aids in employment generation and socio-economic development of the country. \u201c Mr\u00a0Kapila\u00a0said.<\/p>\n\n\n\n
\u00a0\u201cOf late, a number of\u00a0infrastructure\u00a0companies are under stress due to financial hardships as private players and institutions dedicated for\u00a0infrastructure\u00a0financing are reluctant to come forward and invest in this sector due to issues such as lengthy dispute resolution, stuck claims, delays, cost-overruns, etc. In order to boost investment in\u00a0infrastructure\u00a0sector, we urge the Government to provide for incentives such as extension of tax holidays for\u00a0infrastructure\u00a0projects and reduction in taxation.\u201d Mr\u00a0Kapila\u00a0added\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
FICCI\u00a0National\u00a0Committee\u00a0on Transport\u00a0Infrastructure\u00a0has welcomed the mammoth budgetary support of approximately\u00a0Rs 1.7 lakh crore\u00a0under the\u00a0union\u00a0budget\u00a0for the transport \u00a0infrastructure\u00a0sector for the year 2020-21 \u00a0This includes roadways, railways, shipping and aviation. FICCI\u00a0Transport\u00a0Infrastructure\u00a0committee\u00a0has also welcomed government\u2019s move to release national logistics policy soon, monetisation of 12 highway bundles by National Highway Authority of India (NHAI), development of 2,500 Km of highways and 9000 Km of economic corridor\u2019s along with other rail and coastal projects . \u00a0\u201cThe Union government in it\u2019s\u00a0budget\u00a0has emphasized on providing a massive push to all kinds of mobile connectivity by taking forward programs across various key sub-sectors such as roads, rail, inland <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1875,1],"tags":[],"class_list":["post-61633","post","type-post","status-publish","format-standard","hentry","category-events","category-update"],"_links":{"self":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/61633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/comments?post=61633"}],"version-history":[{"count":1,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/61633\/revisions"}],"predecessor-version":[{"id":61634,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/61633\/revisions\/61634"}],"wp:attachment":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/media?parent=61633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/categories?post=61633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/tags?post=61633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}