The government’s continued focus on infrastructure in the Union Budget 2023-24 will ensure sustained long-term growth in steel demand, according to experts. On Wednesday, Finance Minister Nirmala Sitharaman increased capex for infrastructure development in the country to Rs 10 lakh crore in the Budget.
Union Budget 2023: Union Finance Minister Nirmala Sitharaman presented the last full-fledged Union Budget 2023 of the Modi government before the 2024 Lok Sabha elections. The Budget Session of Parliament began on Tuesday and the first part will conclude on 13 February.
Nirmala Sitharaman Budget Speech, India Budget 2023: Presenting the Union Budget 2023, Finance Minister Nirmala Sitharaman announces that the capital investment increases for the third year by 33% to 10 lakh crores which comes to 3.3% of GDP.
Pre-Engineered Buildings: With its ambitious UDAN (Ude Desh ka Aam Nagrik) scheme, the Government of India aims to connect Tier 2 & Tier 3 cities with big cities through air service to spur economic growth while making travel easier.
The Finance Ministry is reportedly looking at proposals to provide relief to the middle class in the last full budget of the Narendra Modi Government before 2024 General Elections. Ahead of Budget 2023, common taxpayers, including salaried employees and senior citizens, are having very high expectations.
The recent lockdowns and other limitations brought on by the COVID-19 outbreak have had a significant negative influence on the Indian construction industry. It resulted in delay of many projects of national importance. According to KMPG, the industry faced a daily loss of Rs 30,000 crore during the covid-induced lockdowns.
The recent lockdowns and other limitations brought on by the COVID-19 outbreak have had a significant negative influence on the Indian construction industry. It resulted in the delay of many projects of national importance. According to KMPG, the industry faced a daily loss of Rs 30,000 crore during the covid-induced lockdowns.
The Government of India has placed a strong emphasis on developing new airports as well as expanding and upgrading those that already exist.
Manufacturer of prefabricated structures Epack Polymers plans to invest around Rs 150 crore to expand capacity to realise its target of more than doubling revenue toRs 500 crores over the next two years, a top company official has said.
India today is emerging as a manufacturing hotspot on global map due to the persistent push for ‘Make in India ‘Atmanirbhar Bharat’. In order to accomplish ambitious developmental goals including the status of a developed nation by 2047, the country seems determined to nes the potential of resources lying within the boundary.
The story talks about the investments made in Sri City in 2022 making it a hub for air-conditioner manufacturing with large firms having invested, or announced plans to invest. Further, the story mentions EPACK Durable’s entry in Sri City.
RACs and SHAs manufacturer EPACK Durable Pvt Ltd.(EDPL) is planning to invest close to ₹100crore by setting up a 0.6 Million units plant through brownfield expansion at its existing manufacturing site in Bhiwadi, Rajasthan. The company has a production capacity of 1.2 Million units per annum and has been running at around 75-80 per cent of its capacity utilisation. With the proposed expansion, the company will have a total installed capacity of 1.8 Million units.
