Business » Industry

Updated: March 1, 2013 10:02 IST

Growth back on agenda, says Sanjiv Goenka

Special Correspondent
Comment   ·   print   ·   T  T  
Sanjiv Goenka. Photo: Arunangsu Roy Chowdhury
Sanjiv Goenka. Photo: Arunangsu Roy Chowdhury

The budget has put growth back on the agenda, Sanjiv Goenka, chairman of the RP-Sanjiv Goenka Group, said on Thursday.

He pointed to several measures aimed at boosting growth. The investment allowance plan “was totally unexpected” and would stimulate growth. “It makes return on investment so much attractive.”

The proposals in respect of foreign portfolio investors would bring clarity to the matter and help simplify things and remove doubts. This would boost foreign investment, he said.

The Calcutta Electric Supply Corporation being the flagship company of his group, Mr. Goenka was happy about the public-private partnership mode announced for boosting coal output. This would ease fuel supply problems. He also welcomed the clarification in respect of steam and bituminous coal used in power stations, saying this would remove the scope for misclassification and confusion.

To boost infrastructure, the budget proposed many steps shorn of frills or populism, he said.

This article is closed for comments.
Please Email the Editor

Economic Survey

More Economic Survey »



Recent Article in Industry

Vistara will operate from its base Delhi and will fly to Mumbai, Bangalore, Hyderabad, Goa, Chandigarh, Srinagar, Jammu and Patna in the first year.

Vistara launch held up due to flying permit delay

Tata-Singapore Airlines promoted full-service carrier Vistara will now start operations only next year due to delay in grant of... »