Senior leadership comments on the Union Budget 2019-20

Rajiv Agarwal, MD & CEO, Essar Ports

The Budget has laid down a definitive road-map for realising the dream of a five trillion dollar economy. The Finance Minister has addressed many issues, like job creation, investments infrastructure, encouragement of startups, support to MSMEs liquidity issues, bank recapitalisation, improving water availability through creating a water grid across the nation. The renewed focus on rural housing is a step in the right direction. The focus on logistics through Bharatmala, Sagarmala and Railways seeks to improve connectivity that is much needed for a growing economy.
Overall, it is a progressive Budget

Pradeep Mittal – Executive Vice Chairman, Essar Power

“It is very encouraging that the Government has recognised the need for serious structural reforms in the power sector. Such reforms will enhance utilisation of existing new plants, help in making gas-based capacity viable again, and reduce the impediments that add to the cost of power procurement. This will bring relief to consumers and make the sector sustainable.”