Team News Riveting
Mumbai, February 1
The top executives of Essar Group companies have praised the Union Budget presented by Finance Minister Nirmala Sitharaman on Thursday.
Managing Director and Chief Executive Officer (CEO) of Essar Ports Rajiv Agarwal said the Interim Budget 2024-25 is clearly prepared with a vision towards making our country Viksit Bharat by 2047. With a substantial increase in infrastructure outlay the budget has rightly given a thrust to multi-modal connectivity by implementing three major economic railway corridors under the PM Gati Shakti programme, he said, adding that the initiatives will go a long way in improving logistics efficiency and reducing cost. This will surely elevate India’s logistics and infrastructure landscape, he added.
Pankaj Kalra, CEO – EOGEPL, said: “The announced budget reflects India’s commitment to achieving robust growth and economic resilience. The government’s special emphasis on developing the eastern region’s potential as a key driver of India’s growth aligns perfectly with our vision of making India a gas-based economy.”
Kush, CEO of Essar Power commented: “The interim budget 2024-25 has laid a foundation to propel towards reliable, cleaner, greener, and sustainable energy. The government’s commitment to providing free rooftop solar electricity to one crore households, signifies a strategic move towards resource-efficient economic growth. This initiative not only ensures energy security but also stimulates entrepreneurship and employment in the evolving renewable energy landscape.”
“We commend the government’s focus on governance and development, accompanied by a commitment to reducing the fiscal deficit. Moreover, the substantial capex outlay and emphasis on infrastructure development signal opportunities for strategic partnerships and prudent financial planning. The announced budget reflects a mature commitment to holistic progress, setting the stage for a promising and transformative trajectory for the country,” Sanjay Palve, Senior Managing Director – Essar Capital, said.
