Looks like the budget by Modi government has fulfilled its promise of ‘ache din’ for IT industry at least. Ratul Puri, chairman, Hindustan Powerprojects in conversation with The DQ Week shared his view on the recent budget announced by the Modi government.
“The budget is a very positive and balanced one as it addresses the requirements of multiple stakeholders and creates platform to take the economy on a high growth trajectory. The proposed national investment fund can open up massive amount of capital to help finance India’s one trillion dollar infrastructure sector and could be a potential game changer for the industry. The doubling of coal cess will provide incremental 10,000 crores a year to help push renewable energy and will bring the cost of solar power to grid parity. The proposed 70000 crores investments in the infrastructure sector along with the plug and play 4 ultra mega power projects could be the enablers to kick start finance for the sector.”