{"id":24266,"date":"2024-02-05T13:31:10","date_gmt":"2024-02-05T08:01:10","guid":{"rendered":"https:\/\/livemumbai.in\/index.php\/2024\/02\/05\/interim-budget-2024-industry-leaders-across-sectors-give-thumbs-up\/"},"modified":"2024-02-05T13:31:10","modified_gmt":"2024-02-05T08:01:10","slug":"interim-budget-2024-industry-leaders-across-sectors-give-thumbs-up","status":"publish","type":"post","link":"https:\/\/livemumbai.in\/index.php\/2024\/02\/05\/interim-budget-2024-industry-leaders-across-sectors-give-thumbs-up\/","title":{"rendered":"Interim Budget 2024: Industry leaders across sectors give thumbs up"},"content":{"rendered":"<div>\n<p><strong>New Delhi (India), February 5<\/strong>: Union Finance Minister Nirmala Sitharaman presented her sixth Budget on February 1. This was an interim budget ahead of the general elections later this year. The Interim Budget 2024 focused on youth and women empowerment, while maintaining fiscal consolidation and continuing capex, hinting continued investment focus across sectors infra, housing, auto, agriculture, solar etc.\u00a0\u00a0Here are some reactions\u00a0of industry leaders:<\/p>\n<p>Dr Manu Gupta,\u00a0CoFounder, SEEDS\u00a0said,\u00a0\u201cThe budget unveiled today by the Hon\u2019ble Finance Minister undoubtedly reinforces the Government\u2019s\u00a0Viksit\u00a0Bharat vision. With a strategic emphasis on initiatives that empower a large population of Indians to acquire or construct their homes and address essential needs such as water and electricity. This ensures direct enhancement of living standards, contributing to improved health and overall well-being. This approach fosters inclusivity and could diminish climate-induced impacts, particularly during disasters.\u00a0<\/p>\n<p>As highlighted by our Finance Minister, our nation, during the G20 Presidency, exemplified leadership by forging a consensus on solutions for global climate induced challenges. The spotlight on India\u2019s extensive coastal line, envisioning a blue economy 2.0 coupled with inland capacities, earmarked for climate-resilient activities through a multidimensional, integrated, and multi-sectoral approach, is poised to significantly augment capabilities for enduring, positive impacts for the communities.\u201d\u00a0He added.<\/p>\n<p>Dr Aanchal Jain, CEO, PMI Electro Mobility\u00a0\u00a0said,\u00a0\u201cThe government\u2019s unwavering commitment to advancing e-mobility exemplifies visionary leadership. The decision to accelerate the adoption of e-buses for public transport and provide extended support for charging infrastructure stands as a beacon of progress for the entire industry. Addressing a pivotal concern, the announcement of a Payment Security Mechanism reflects the government\u2019s proactive stance in fostering a conducive business environment.<\/p>\n<p>The far-reaching benefits of the e-mobility sector\u2019s growth will not only reverberate throughout the industry but also extend to auto component and child part manufacturers. This ripple effect underscores the transformative power of sustainable transportation initiatives, igniting innovation and prosperity across the automotive landscape.\u201d<\/p>\n<p>Nishi Chandra, Head Marketing, Loom Solar, said,\u00a0\u201cWith focus on building homes for the underserved, to rooftop solarisation and free electricity, the foundations of\u00a0aatmanirbharta\u00a0for electricity have been strengthened in this interim budget by the government. \u00a0This paves way for a thrust in solar sector for a larger purpose of enabling the citizens of our country besides youth working in the solar sector to be more productive for nation building leading to\u00a0Viksit\u00a0Bharat Vision.\u201d<\/p>\n<p>Nishant Arya, Vice Chairman and MD, JBM Auto, said, \u201cWe welcome today\u2019s interim budget presented by Hon\u2019ble Finance Minister. The allocation of INR 13bn in FY25 towards PM e-Bus\u00a0Sewa\u00a0programme will ensure deployment of electric buses at the grassroot level. We are\u00a0optimistic of the PLI scheme for advanced chemistry cell battery storage will further help in reduction of cell prices once production starts in India. This will further the momentum that already exists due to visionary policies of the government.\u201d<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi (India), February 5: Union Finance Minister Nirmala Sitharaman presented her sixth Budget on February 1. This was an interim budget ahead of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24267,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[623],"class_list":["post-24266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/24266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/comments?post=24266"}],"version-history":[{"count":0,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/24266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media\/24267"}],"wp:attachment":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media?parent=24266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/categories?post=24266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/tags?post=24266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}