Budget Reaction – 2017 – Views from Mr. Tulsi Tanti, CMD, Suzlon Group
This budget is expected to lead an inclusive growth with a clear focus to lift the rural economy and create the right infrastructure. With a special mention about the drive towards 100% electrification, the renewable industry was hopeful that there would be an announcement to support the achievement of the Government’s RE target 175 GW, and long-term policy framework to achieve our INDCs and commitment made at COP-21 to reduce carbon emission to 30-35% by 2030. On manufacturing front, It is indeed encouraging that India is now ranked sixth globally. The budget promises a very robust forex reserve, with resilient domestic market, further capitalisation of PSU banks, and launch of trade infrastructure for export scheme (TIES), can truly position the ‘Make in India’ apart from establishing the country as a global hub for engineering goods.