The budget 2019-20 has laid special emphasis on the much awaited infrastructural development where the Government will invest Rs 100 lakh crores in this segment for the next five years. “We would appreciate development centric forward looking budget, which will impact every household of the country and industry will witness new horizon of development,” said Anil Gupta, CMD, KEI Industries - one of India's leading manufacturers of electrical cables and wires.
The power sector has seen phenomenal growth achieving the electrification of almost 96 per cent of households in the last 5 years. “This large growth in the sector can be attributed to the infrastructure boom in India creating more avenues for companies like ours. Investments in railways, housing and farm are paramount to overall infra-growth for our company. The Government is also planning to invest Rs 50 lakh crores for railways which will further boost the demand resulting in expansion of our business. Furthermore, the Government has shed light on the plan of One nation, One Grid & the Pradhan Mantri Gram Sadak Yojna will be a standalone element in ensuring power connectivity at affordable rates,” commented Anil Gupta.