Manish Bhatnagar, MD, SKF India
Bhatnagar calls for realistic announcements for areas like battery cells, semiconductors and manufacturing.
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.
RELATED ARTICLES
IIT Bombay inaugurates Arun Firodia Research Floor
IIT Bombay, one of India’s top technical and research institutions, honours Kinetic Group chairman Dr Arun Firodia, one ...
Maruti Suzuki expands capacity at Manesar plant by additional 100,000 units
New assembly line at Plant A expands total manufacturing capacity at the Manesar plants to 900,000 units per annum. Alon...
Hyundai and Kia partner Exide Energy to produce LFP batteries in India
Partnership with Exide Energy enables Hyundai Motor and Kia to equip future EVs in the Indian market with locally produc...