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Budget 2018 Focuses on Infrastructure

A.K Bal Director, Viraj Projects Pvt Ltd

We have seen our government taking various initiatives for the infrastructure growth in our country, and we saw a positive move in the same direction when our Finance Minister announced that India will invest an amount of Rs 5.97 trillion in creating and upgrading infrastructure in the next financial year. The government’s initiative of monetizing select CPSE (central public sector enterprises) assets using Infrastructure Investment Funds (InvITs) from next year is also a welcome move. Selection of 99 smart cities with an outlay of Rs 2.04 lakh is also something that will help our country becoming better at smart and fine construction.

Government’s announcement of developing Bharatmala project to 35,000 KM under phase 1 with an outlay of Rs 5.35 lakh is a major boost to construction industry of the country. As a construction company, this is a great opportunity for us to play a critical role in the development of the country and help in increasing the GDP of our country ')}

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