Sanghi Industries appreciates Union Budget 2016-17

"The government has focused predominantly on the development of agriculture sector, which should aid rural demand generation. I am also glad to see the attention being paid towards building infrastructure especially roads. The infrastructure sector creates highest employment and is imperative for the growth of our country. The government’s focus on start-ups and entrepreneurs is also commendable," Sanghi said.

He said, "The budget presented must be perceived in the context of global economic uncertainties. Commitment towards fiscal consolidation and dispute resolution will send a strong signal to the global investors."

"These measures will help in tax predictability and improve ease of doing business. The outlook for cement sector looks bright with more than 75% of stalled projects put on track and boosting investment in the housing and infrastructure sectors," Sanghi said.    

Union Finance Minister Arun Jaitley on Monday presented the Union Budget 2016 focusing on rural development and farm and social sector along with infrastructure with analysts terming it a pro-poor, pro-agriculture move that throws a challenge to the government to implement in reality.