This Budget has been a progressive Budget in line with the government Initiatives to give boost to the Infrastructure sector, which is a Backbone of country's overall development. We welcome the vision of central government for transforming Infrastructure of the country.
The proposed outlay of 97,000 crore rupees for the road sector including Pradhanmantri Gramsadak Yojana is an indication for the immense opportunities in the road sector in the year to come. Proposed raising of 15, 000 crores by NHAI for the road projects and 31,300 crores by of Infra Bonds by other agencies will be tremendous help to rejuvenate the road sector.
The conversion of 50,000 kms of state highway to National Highways along with increase in the outlay for Pradhanmantri Gramsadak Yojana will give impetus for the sector. The Government has taken proactive steps to ease the bottleneck of almost 85% of the struck projects which is an exemplary effort.
Separate Credit rating system for the Infrastructure Projects and proposal for issuance of guidelines for the renegotiation of the PPP agreements is a welcome move.
Removal of Dividend Distribution Tax (DDT) in Infrastructure Investment Trust (INVIT) will enable to raise capital for the Infrastructure Companies for operating assets.
