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Budget 2024: Key highlights

Key highlights of Interim Budget 2024

Chasing Growth!

Despite rising input costs and transition to CEV stage-IV engines, the CE market is expecting a growth of over 11 per cent in 2022-23.

NIP can make CE tick

As per the ICEMA report, the Indian construction equipment (CE) industry has experienced a 23 per cent drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21.

Kolkata Port aims to advance Rs 2,400 cr projects

Kolkata Port, now known as Syama Prasad Mookerjee Port (SMP), the company is aiming to advance the implementation targets of the Rs 2400 crore projects under the PM Gati Shakti plan.

Chennai Port-Maduravoyal expressway sees revival

All decks have been cleared under PM Gati Shakti to revive the stalled Chennai Port-Maduravoyal Elevated Expressway for boosting Chennai’s infrastructure.The 20.6 km double-decker elevated corridor will be constructed with an estimated cost of Rs 5,770 crore.

Budget 2022 and a big infra push

The union budget can be termed as a growth-oriented one, with the government focusing strongly on world-class infrastructure development.

Budget 2022: Increased capex outlay for infrastructure development to drive demand for CE

The industry also welcomed the government’s efforts to mitigate the financial challenges of the MSME sector.

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