Thursday, February 2, 2017

Quote on Budget 2017 by Rohit Saboo, President and CEO, National Engineering Industries Limited (NEI).

“The auto components industry is poised to benefit from the government’s strong focus on boosting infrastructure and connectivity. Increased allocation of funds for roads and highways will bring positive sentiments for the sector by increasing demand for transport. Infrastructure development has always been prerequisite for growth, which has been taken well into consideration in this year’s budget. Increase of credit to the farm segment will also impact the auto segment due to the trickle-down effect.”

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