Chennai, Feb 1 (.) Terming as positive for CV industry, Mr Alexander Schoen, Chief Financial Officer, Daimler India Commercial Vehicles (DICV) on Sunday said the union Budget presented by Finance Minister Nirmala Sitharaman reinforceds India’s long-term growth narrative by placing manufacturing, infrastructure, and supply-chain resilience at the centre of economic policy.
The continued thrust on infrastructure development–especially in Tier-2 and Tier-3 cities will directly stimulate demand for commercial vehicles, while improving logistics efficiency across the country, he said in a statment.
Also, the proposed Dedicated Freight Corridor from Dankuni in West Bengal to Surat in Gujarat, spanning key industrial states, will strengthen east-west logistics efficiency and reduce freight costs.
Initiatives to scale up strategic manufacturing sectors, strengthen MSMEs, and deepen domestic capabilities in critical areas such as semiconductors, advanced materials and chemicals will further enhance competitiveness of Indian manufacturing.
The Budget is positive for the CV Industry the measures announced, create a conducive environment for commercial vehicle manufacturers to invest, innovate, and support India’s transition towards a more resilient, self-reliant, and future-ready mobility ecosystem.
Overall, the Budget positions the CV industry as a key enabler of India’s economic expansion, he added.
. GV 2150