Budget Bytes

“Proposed UMPPs in Rajasthan, Gujarat, Tamil Nadu and Ladakh in J&K with a budget of Rs 500 crore is very encouraging. If the govt ensures issues of evacuation, land and availability of the water is taken care of – there will be a lot of players willing to enter this segment” – Vineet Mittal, Founder President, Solar Power Developers Association (SPDA)
“Easing of bank lending norms to infrastructure and facilitating setting up infra trusts positive for improved access to funding for a sector which needs high quantum of long term financing”- KVB Reddy, Executive Director, Essar Power
 “Proposal to increase clean energy cess from Rs 50 per tonne to Rs 100 per tonne for financing and promoting will indeed be a major boost for wind energy in particular”                                           – Tulsi Tant, CMD, Suzlon 
 “From Rs 100-crore allocation for super critical ultra modern thermal power to the rationalisation of coal linkages will facilitate the struggling power producers and put the stranded power plants on a rebound course”                                                                                                                                       – Anil Chaudhry, Country President and MD, Schneider Electric India 
“Enhanced focus on gas sector is key positive of gas transportation players and city gas distribution entities. However, the utilisation of existing and upcoming gas pipelines could vary with the availability of natural gas, which critically depends upon the faster review of domestic gas pricing along with resolution of NELP related issues” – K Ravichandran, Sr. VP, Co-head corporate sector ratings, ICRA
“Investment allowance of 15% for 3 years for companies who are investing more than Rs 25 crore in plants or through machineries is a big boost for indigenous manufacturers” – Ved Prakash Mahendru, Chairman and MD, Eon Electric
“I rate the interim budget 8 /10 and totally agree with the FM that our domestic manufacturing sector has been under stress and it requires a major boost. There are strategic areas where he has laid extra emphasis that will result in a huge fillip to the manufacturing sector”- Sanjay Kirloskar, Chairman and Managing Director, Kirloskar Brothers
“Rs 10,000-crore corpus fund and simplified bankruptcy rules may improve the risk taking capabilities along with providing an easy exit opportunity”
– Alok Saraf, Executive Director – private and entrepreneurial practice, PwC India
 

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Budget Bytes

“Proposed UMPPs in Rajasthan, Gujarat, Tamil Nadu and Ladakh in J&K with a budget of Rs 500 crore is very encouraging. If the govt ensures issues of evacuation, land and availability of the water is taken care of – there will be a lot of players willing to enter this segment” – Vineet Mittal, Founder President, Solar Power Developers Association (SPDA)
“Easing of bank lending norms to infrastructure and facilitating setting up infra trusts positive for improved access to funding for a sector which needs high quantum of long term financing”- KVB Reddy, Executive Director, Essar Power
 “Proposal to increase clean energy cess from Rs 50 per tonne to Rs 100 per tonne for financing and promoting will indeed be a major boost for wind energy in particular”                                           – Tulsi Tant, CMD, Suzlon 
 “From Rs 100-crore allocation for super critical ultra modern thermal power to the rationalisation of coal linkages will facilitate the struggling power producers and put the stranded power plants on a rebound course”                                                                                                                                       – Anil Chaudhry, Country President and MD, Schneider Electric India 
“Enhanced focus on gas sector is key positive of gas transportation players and city gas distribution entities. However, the utilisation of existing and upcoming gas pipelines could vary with the availability of natural gas, which critically depends upon the faster review of domestic gas pricing along with resolution of NELP related issues” – K Ravichandran, Sr. VP, Co-head corporate sector ratings, ICRA
“Investment allowance of 15% for 3 years for companies who are investing more than Rs 25 crore in plants or through machineries is a big boost for indigenous manufacturers” – Ved Prakash Mahendru, Chairman and MD, Eon Electric
“I rate the interim budget 8 /10 and totally agree with the FM that our domestic manufacturing sector has been under stress and it requires a major boost. There are strategic areas where he has laid extra emphasis that will result in a huge fillip to the manufacturing sector”- Sanjay Kirloskar, Chairman and Managing Director, Kirloskar Brothers
“Rs 10,000-crore corpus fund and simplified bankruptcy rules may improve the risk taking capabilities along with providing an easy exit opportunity”
– Alok Saraf, Executive Director – private and entrepreneurial practice, PwC India
 

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Most Popular

To Top