FM has given us a pro-growth, responsible Budget, says Sanjiv Goenka
Suman Layak February 28, 2013Sanjiv Goenka, chairman RP-Sanjiv Goenka Group on Budget 2013 announcements:
Q. What is the big takeaway for you from the Budget?
A. Despite the extremely difficult and challenging economic situation, the finance minister has given us a pro-growth and responsible Budget.
Q. What do you think is the outlook for the economy?
A. The finance minister has not lost heart facing the prevailing economic situation, but has stuck to the need for growth as an essential tool for development.
Q. What is the outlook for your sector in particular?
A. The finance minister has clearly diagnosed the problems of the power industry and those related to coal mining. His steps, such as the introduction of investment allowance on plants and machinery, PPAs (power purchase agreements) on coal projects, investment on wind energy should go a long way to improve the confidence level of existing and potential investors.