Union Budget is a game changer, say industry bodies in Andhra Pradesh
The Hindu
Visakhapatnam
Visakhapatnam
Many representatives from industries and startups feel that the Union Budget-2023 presented is a game-changer as it has planted the seeds for the future of industrial development and employment generation.
Confederation of Indian Industry (CII) Andhra Pradesh Chairman Neeraj Sarda said that the budget 2023-24 is industry-friendly, comprehensive and pragmatic and aimed at sustainable and inclusive growth.
“Fiscal prudence and business ease have been the theme of the budget. The 35% increase in the outlay for capital expenditure will drive infrastructure growth and create job opportunities for youth. The budget includes measures to provide job opportunities for youth and development of green cluster cities and achieving of sustainable and zero carbon footprints goals,” he said.
Andhra Pradesh Chambers president Pydah Krishna Prasad said that the budget is growth-oriented with long-term benefits, more thrust should have been given to agriculture. Growth in the UPI transactions is phenomenal with 7,400 crore digital payments worth ₹126 lakh crore, he added.
“Much relief has been given to the MSMEs as 95% of the forfeited amount relating to bid or performance security, will be returned to MSMEs by the government and government undertakings in cases the MSMEs failed to execute the contracts during the COVID period,” Mr. Prasad said
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