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Industry leaders urges govt to double infra spending to Rs 3 lakh cr in...

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo New Delhi, Jan 22 : Industry leaders urged the government to double the allocation for various infrastructure projects to Rs 3 lakh crore in the forthcoming general Budget to boost overall economic growth. Ahead of the general Budget, industry leaders from various sectors, including logistics, also demanded major infrastructure reforms and heavy budget allocation across diverse sectors, according to a statement by the Logistics Sector Skill Council (LSC). A recent survey by the LSC highlighted the need for an infrastructure-focused budget aligned with the vision to position the country as a global economic powerhouse.

Industry leaders urges govt to double infra spending to Rs 3 lakh cr in...

Credit: Dailyexcelsior

Key Highlights

  • Building on last year’s Rs 1.5 lakh crore allocation for interest-free loans to states and landmark investments in highways, urban transport, and smart cities, the expectations of industry leaders are running high for a potential doubling of this outlay, it stated.
  • Ravikanth Yamarthy, CEO, Logistics Sector Skill Council, said that as the logistics sector emerges as the engine of India’s economic momentum, Budget 2026 presents a defining opportunity to set new benchmarks in growth, employment generation, and Atmanirbhar Bharat.
  • The prospect of doubling infrastructure allocations, following years of transformative investment in highways, railways, and logistics corridors, can unlock robust supply-chain efficiency and global competitiveness, Yamarthy said.
  • Industry leaders emphasised that sustained infrastructure planning is key to attracting investment, boosting competitiveness, and ensuring development benefits all regions.
  • Shrenik Ghodawat, Managing Director, Sanjay Ghodawat Group, said infrastructure remains the critical lever for unlocking India’s next wave of consumption.
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Sources

  1. Industry leaders urges govt to double infra spending to Rs 3 lakh cr in...

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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