Public borrowing won’t crowd out private investment: FM
The Hindu
Opportune time for investments by companies, she asserts
Finance Minister Nirmala Sitharaman urged industry to step up investments and expand capacities, noting that worries about high public capital spending and borrowings crowding out private investments were misplaced.
“The emphasis on infra and public investments is done after a lot of stakeholder consultations… we have our own analysis that this is going to lead to crowding in of private investment,” she said, adding that this was an opportune time for greenfield and brownfield projects from corporates.
Emphasising that the Budget envisaged a two-track path, of building optimal infrastructure and encouraging sunrise sectors, for India’s growth in the Amrit Kaal, Ms. Sitharaman said that infrastructure development in the past had led to flawed outcomes.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.