The Budget is extremely positive : Rajiv Agarwal, CEO & MD, Essar Ports

MUMBAI: In his Budget reaction Mr. Rajiv Agarwal, CEO and MD Essar Ports said, “the budget 2021 is extremely positive, driving the Country towards Aatmanirbhar Bharat by laying huge stress on health care, infrastructure, banking and insurance, textile and agriculture that will aid the country not only towards economic revival but also spur growth. The Infrastructure spending is going up by 34% through NIP and a welcome Focus on boost in Road and Railway infrastructure with new economic corridors planned will certainly help the growth of the logistics sector and will lead to enhancing trade in the country.

The announcement of the launch of the National Asset Monetisation Pipeline which will include Transmission lines of Power Grid, oil and gas pipelines, airports, toll roads etc will be a game changer. Government’s increased focus on the infrastructure sector will certainly bring in positive measures for the holistic growth of the logistics and maritime sector. No new tax is a very big positive in these times.”