Shalabh Chaturvedi, Managing Director, CASE Construction Equipment – India & SAARC region recently commented on the Union Budget 2024-25, emphasising its transformative potential for rural infrastructure and workforce development in India.
“The Finance Minister’s announcement of INR 2.66 lakh crore for rural development, including rural infrastructure, in the Union Budget 2024-25 is a significant investment that aligns with our mission to support and enhance India’s rural infrastructure. Starting from the introduction of the Jan Samarth-based Kisan Credit Card, and the support for Andhra Pradesh, Bihar, and other key regions, the government’s holistic approach to infrastructure, skilling, and rural development are vital initiatives.
Additionally, the focus on employment and skills with an allocation of INR 2 lakh crore is encouraging. The various schemes for employment-linked incentives and skilling programs will create a skilled workforce ready to meet the demands of modern infrastructure projects. This budget reflects a balanced approach to developing infrastructure while empowering the workforce, and we are excited to be a part of this transformative journey. Initiatives such as providing one month’s wage for first-time employees, creating job opportunities for 30 lakh youths in manufacturing, and supporting skilling programs for 20 lakh individuals are a great way of boosting productivity, enhancing infrastructure and employment opportunities across the country.”