Budget 2025 aims to foster public-private cooperation in infra sector

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Budget 2025 aims to foster public-private cooperation in infra sector - Business Standard

Quick Summary:

In her budget speech on Saturday, Finance Minister Nirmala Sitharaman made several announcements to give a push to various sectors, including infrastructure.She said Rs 1.5 lakh crore will be provided towards 50-year interest free loans to states, for infrastructure development, and an asset monetisation plan will be launched for 2025-30 period to infuse Rs 10 lakh crore capital in new projects, besides an outlay of Rs 500 crore for setting up a centre of excellence in artificial intelligence for education.

Rasmi Ranjan Ray, SUEZ India CEO said the Budget has set the stage for transformative, infrastructure-led growth with a record allocation of Rs 1.5 lakh crore in the form of 50-year interest-free loans to states for infrastructure projects.

The budget announcements aim to foster public-private cooperation and are expected to attract global investments in the infrastructure sector, industry players and experts said.