Manish Bhatnagar, MD, SKF India

Bhatnagar calls for realistic announcements for areas like battery cells, semiconductors and manufacturing.

Autocar Pro News Desk By Autocar Pro News Desk calendar 24 Jan 2022 Views icon15371 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

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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