Manish Bhatnagar, MD, SKF India

by Autocar Pro News Desk , 24 Jan 2022

To fulfil the goal of a five trillion economy, we need to have a one-nation-one-policy approach. In fact, our nation is progressing at an enormous pace in terms of entrepreneurship, fintech ecosystem, EV revolution, and EdTech growth.

We expect to hear policies, subsidies, and tax incentives to support the growth of these sectors. The budget should unequivocally focus on improving infrastructure including highways and roadways, IT connectivity, and EV landscape. We wholeheartedly welcome PM Gatishakti – National master plan (NMP) and $27 billion (Rs 199,827 crore) worth PLI scheme to boost automotive industry and enable Indian manufacturers to integrate into the global value chains. We are expecting realistic announcements for sectors like battery cells, semiconductors, as well as policy support for areas like manufacturing and sustainability.

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