CII’s Budget Expectations: Focus on investment and infrastructure must continue

CII President T V Narendran pointed out that focus on investment and infrastructure must continue with Budget 2022.

New Delhi: Industry chamber CII President T V Narendran, on Thursday, pointed out that focus on investment and infrastructure must continue with Budget 2022 because while the private sector investment is coming back, the economy needs to be supported by government investment particularly with a focus on infrastructure.

Speaking to PTI, he also underlined the need to continuously focus on the cost and ease of doing business, to reduce the complexity and make it easier, adding that CII has suggested self-certification (by businesses) as a way forward for compliance matters, and suggested developing a cost of doing business index.

Moreover, he also pitched for coordinated actions by the Centre and state governments to minimize the impact of Omicron on the economy amid the rising fears of business disruption due to the new coronavirus variant.