Budget Reaction from Baba Kalyani, CMD

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Mr. Baba Kalyani, Chairman & MD of Bharat Forge Ltd.

“ The budget presents a strong focus on the inherent strengths of the Indian economy and key economic drivers of Viksit Bharat 2047.

The 3M’s that bring me cheer are – Middle Class, MSMEs, and Make in India!

  •  A big boost to the salaried middle class will accelerate economic growth
  •  Revised Classification and Exports push to help Indian MSMEs go global!
  •  Focussed attention on ‘Make in India’ in HiTech and labor-intensive industries will attract investments.

I also welcome the launch of the Manufacturing Mission, the Exports Promotion Mission, and the Nuclear Energy Mission.

Initiatives such as Cancer Care Centers in every district across the country will further modernize the Healthcare and Medical Infrastructure across the country.

Special development measures to boost agriculture productivity, self-reliance in pulses, and leveraging ‘India Post’ to deliver financial services are expected to drive Rural Growth.

What is noteworthy is a special mention of revamping the Bilateral Investment Treaty Model – a sign of following an India First model amidst heightened global volatility.

The hallmark of successive governments under the leadership of the Hon’ble Prime Minister has been continued thrust on ease of doing business, fiscal prudence, and investment-led growth.

Today’s Budget continues to deliver on these three levers, and I am confident that these initiatives collectively signal a robust blueprint for India’s progressive and inclusive development.”- Baba Kalyani, Chairman & MD, Bharat Forge Ltd.

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