Atmanirbhar Bharat 3.0 will spur Construction Activity: Tata Projects’ Vinayak Deshpande
Finance Minister Nirmala Sitharaman’s stimulus measures will provide a spur to economic activity, especially across the construction and infrastructure sector. The newly-announced measures such as replacing EMD with bid security declaration will provide relief to contractors since it shall lower locked-up capital and reduce cost of bank guarantee, Vinayak Deshpande, managing director, Tata Projects Ltd