Union Budget 2025 | Hoping govt will continue 'infrastructure investment momentum', says Akshat Seth, MD & CEO, HIL Limited

Union Finance MInister Nirmala Sitharaman is set to present the Union Budget on February 1 in the Lok Sabha. The Economic Survey by the Finance Ministry will be released on January 31.

In this context, several industry leaders have opened up about their expectations from the Budget.

Akshat Seth, MD & CEO of HIL Limited, a part of CK Birla Group, said regarding the upcoming Budget, "The Government of India’s allocation of ₹11,11,111 crore (approximately $133 billion) for capital expenditure in the Union Budget 2024-25, representing 3.4 per cent of the GDP, reflected a clear commitment to an investment-led growth strategy focused on creating quality infrastructure. Over the last decade, infrastructure development has been a catalyst for economic growth and employment generation."

He further added, "As a key stakeholder with more than 77 years of participation in the buildings solutions industry, we at HIL hope this year’s Union Budget to continue the infrastructure investment momentum."

"Government support for initiatives encouraging sustainable building solutions and powering up popular schemes such as Jal Jeevan Mission & PM Avaas Yojana can help create employment, improve health & sanitation conditions while providing affordable housing and essential infrastructure to the masses," Seth believes.

Union Budget 2025 | Nirmala Sitharaman, who continues to be Finance Minister, will present her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', reports suggest there might be a tax relief for those making up to Rs 15 lakh per year. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.