23-Jul-2024 05:13 PM
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Chennai, July 23 (Reporter) CV makers Ashok Leyland on Tuesday said the
budget presented by Union Finance Minister Nirmala Sitharaman was
growth-oriented and pro-development.
In a statement here, Ashok Leyland Executive Chairman Dheeraj Hinduja
said the Union Finance Minister has presented a growth-oriented and
pro-development Budget for 2024-25 by focusing on national infrastructure
development, urban development, sustainable planning, and inclusive
growth through a tech-enabled economy.
With this budget, the government aims to address key issues, provide
targeted support, and sets a robust agenda for growth and development.
The continued emphasis on fostering investment and enhancing road
infrastructure, especially in Andhra Pradesh and Bihar will facilitate growth
in the manufacturing and automobile sectors.
Focus on private investment in infrastructure, mining and housing sector
is also likely to boost the sale of CVs, Mr Dheeraj said.
"Furthermore, reduction in duties on rare earth minerals will help in promoting
sustainable mobility and this resonates with our commitment to fostering a
cleaner and more sustainable future”, he added...////...