Business Today
Good budget for infrastructure, ports
The nine pillars laid down in the budget provide a holistic approach for bringing about a socio-economic transformation while reinvigorating the infrastructure sector through PPP.

Budget 2016 reflects a very promising infrastructure and investment push with increased budgetary allocation for key infrastructure areas such as roads, railways and ports.

WATCH VIDEO:FM Arun Jaitley reads Budget document

The nine pillars laid down in the budget provide a holistic approach for bringing about a socio-economic transformation while reinvigorating the infrastructure sector through Public-Private Partnership (PPP).

HIGHLIGHTS:Union Budget 2016

Implementation of Indian Customs Single Window Project and initiatives to reduce the cargo release time and the transaction costs of EXIM trade will bring in the required boost in terms of ease of operations while also making the sector more attractive.

FULL COVERAGE:Union Budget 2016

Also the SAGARMALA project, which has already been rolled out, was a very welcome move for the port sector and it is now all set to receive a fresh boost with the current budget now planning to develop new Greenfield ports both on the eastern and western coasts of the country with a budget allocation of Rs 800 crore.

 

Get latest news & live updates on the go on your phone with our News App. Download The Business Today news app on your device