We expect the investment in infrastructure to be a significant enabler of economic growth
03 Feb 2017
2 Min Read
Editorial Team
- Pradeep Nair, Managing Director, Autodesk India & SAARC
Pradeep Nair, Managing Director, Autodesk India & SAARC, on the Union Budget 2017-18:
The Union Budget announced, focused on infrastructure development and enabling growth of SMEs, MSMEs, entrepreneurs and the farming sector. The overall agenda of 鈥楾ransform, Energise and Clean India,鈥� for 2017-18 is very well reflected in the initiatives announced.
It is encouraging to see that the government has allocated Rs 3.96 lakh crore to the infrastructure sector. In addition, Rs 64,000 crore have been allocated for national highways and Rs 2.41 lakh crore for the transport sector including roads, railways and shipping. Moreover, granting infrastructure status to 鈥榓ffordable housing鈥� is a commendable move as well. We expect this investment in infrastructure to be a significant enabler of economic growth. Technology will play a pivotal role here 鈥� in urban planning, construction management, project delivery 鈥� helping deliver more scalable, sustainable, and resilient civil infrastructure.
We are also delighted to see the support for the growth of MSMEs and SMEs. The tax rate for companies with an annual turnover up to Rs 50 crore has been reduced to 25 per cent. This should be providing them improved access to funds, creating additional avenues for growth and employment.
- Pradeep Nair, Managing Director, Autodesk India & SAARC
Pradeep Nair, Managing Director, Autodesk India & SAARC, on the Union Budget 2017-18:
The Union Budget announced, focused on infrastructure development and enabling growth of SMEs, MSMEs, entrepreneurs and the farming sector. The overall agenda of 鈥楾ransform, Energise and Clean India,鈥� for 2017-18 is very well reflected in the initiatives announced.
It is encouraging to see that the government has allocated Rs 3.96 lakh crore to the infrastructure sector. In addition, Rs 64,000 crore have been allocated for national highways and Rs 2.41 lakh crore for the transport sector including roads, railways and shipping. Moreover, granting infrastructure status to 鈥榓ffordable housing鈥� is a commendable move as well. We expect this investment in infrastructure to be a significant enabler of economic growth. Technology will play a pivotal role here 鈥� in urban planning, construction management, project delivery 鈥� helping deliver more scalable, sustainable, and resilient civil infrastructure.
We are also delighted to see the support for the growth of MSMEs and SMEs. The tax rate for companies with an annual turnover up to Rs 50 crore has been reduced to 25 per cent. This should be providing them improved access to funds, creating additional avenues for growth and employment.
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