BUDGET 2022 - Alain SPOHR: Support companies investing in India and R&D

  • Industry News
  • Jan 12,22
Introducing production linked incentives for railway manufacturers and exporters promoting Make-in-India would be encouraging, says Alain SPOHR, Managing Director, Alstom India & South Asia.
BUDGET 2022 - Alain SPOHR: Support companies investing in India and R&D

Alstom believes that railways can prove to be one of the champion sectors to provide fillip to Make in India, incentivise foreign investments and deliver a big boost to the economy. We are positive that this year’s budget will be as progressive as last year’s, where the Government allocated a record sum for capital expenditure.

Our expectations are in line with the priority accorded to infrastructure projects by the Government such as National Infrastructure Pipeline and PM Gati Shakti (National Master Plan for Multi-modal Connectivity). An enhanced capital outlay to encourage railway modernization plans for creation of infrastructure as well as replacing railway passenger and freight fleets would be ideal. Special emphasis on multi-modal connectivity with enhanced opportunities under PPP mode is expected to boost activity in this sector.

We agree with the Finance Minister that connectivity is the essence of the economy and improving intercity connectivity is critical for the formation of smart cities and boosting the pace and volume of economy. We are expecting additional support for introduction of new technologies such as Metro Lite and Metro Neo for promoting mobility in Tier II & III cities.

We are hopeful that the government will further improve on the ease of doing business in India as there is a huge potential for growth. Introducing production linked incentives for railway manufacturers and exporters promoting Make-in-India would be encouraging while also fast-tracking the implementation of projects and supporting the manufacturing ecosystem. Certainty in policy and adequate government support for project execution can vastly improve private investment in the sector.

With the ambition to become the largest Green Railways in the world moving towards becoming a 'net zero carbon emission', we are hopeful that measures to promote energy efficient and carbon-friendly technologies, processes and practices will feature in the upcoming budget.

Promoting a level playing field for original domestic as well as foreign companies, which have invested substantially in India and contribute towards economic growth, will attract additional investments into the country. The Government must consider supporting companies that are significantly invested in India, conducting cutting- edge R&D and executing large railway development projects to come forward and make India an export hub.

These measures will also help India become an Aatmanirbhar Bharat and achieve its aspiration of a $5 trillion GDP.

About the author:
Alain SPOHR is the Managing Director of Alstom India & South Asia

Related Stories

Automation & Robotics
Fuji Electric wants to provide made-in-India products with Japanese technology

Fuji Electric wants to provide made-in-India products with Japanese technology

Fuji Electric India is a subsidiary of Japanese electrical equipment company, Fuji Electric Group. The group works on energy management problems, through advanced Japanese technological innovations...

Read more
Policy Regulation
IPF’s 3i Expo webinar: Aatmanirbharta through manufacturing excellence

IPF’s 3i Expo webinar: Aatmanirbharta through manufacturing excellence

Industrial Products Finder (IPF) hosted a virtual panel discussion on the topic of 'Aatmanirbharta Through Manufacturing Excellence' as part of the 3i EXPO 2023 webinar series. The session discussed..

Read more
Railways
Ramakrishna Forging with Titagarh Wagons remains lowest bidder for manufacturing 80,000 forged wheels

Ramakrishna Forging with Titagarh Wagons remains lowest bidder for manufacturing 80,000 forged wheels

In a tender issued by Indian Railways in September 2022 for the production of 80,000 forged wheels every year for 20 years, Ramkrishna Forging Consortium with Titagarh Wagons Limited remains the low..

Read more

Related Products

Stainless Steel Buttweld Fitting

INDUSTRIAL SUPPLIES

Bhawal Steel Agency offersa wide range of stainless steel buttweld fittings.

Read more

Request a Quote

Face Shield

INDUSTRIAL SUPPLIES

The company Standard also includes wizards to automate designs, perform strength tests, and determine the environmental impact of components Read more

Request a Quote
Verified

ROOFING SHEETS

INDUSTRIAL SUPPLIES

Galvalume roofing sheet is a new addition in citadels product portfolio. These well designe Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back