“Government’s commitment towards modernising infrastructure through sustained investments has boosted economic growth and helped lower logistic costs. The Production Linked Incentive (PLI) Schemes by the Government have facilitated investments in key sectors and cutting edge technologies. This has helped enhance efficiencies and gain economies of scale thereby contributing to improving Indian industry’s global competitiveness. These measures have been accompanied by continued focus on maintaining prudent fiscal discipline.
In the upcoming budget, we hope for sustained focus on infrastructure spending and enhancing the scope of PLIs. With regards to the automotive sector, India is now on the verge of achieving the target of E20 (20% ethanol blending) in the shortest timeframe, globally. This will substitute significant fossil fuel imports with indigenous Biofuel (Ethanol) sourced from our farmers and result in lower carbon emissions. Further, the sales of electrified technologies are also increasing rapidly. Moving ahead, we request the Government for appropriate merit-based policies that support and help in popularising full range of greener technologies and alternative fuels thereby helping in faster and greater adoption of multiple sustainable mobility solutions. Further, measures to encourage the scrappage of old vehicles through the budget will also boost demand for newer generation vehicles and eliminate the polluting ones.
We also urge the Government to prioritize measures aimed towards enhancing the skilling of youth, supporting MSMEs, promoting R&D and encouraging innovation as well as investing in strengthening the education system for realising the dream of a Viksit Bharat.”
