Comments on the Union Budget 2009 - Mr. Amitabh Das Mundhra, Director, Simplex Infrastructures Ltd
 Commenting on the Union Budget 2009, Mr. Amitabh Das Mundhra, Director, Simplex Infrastructures Ltd, said, "We welcome the Union Budget 2009. It is a growth-oriented move from the Finance Ministry with the GDP target kept at 9% - certainly a step in the right direction. We also appreciate the steps taken on IIFCL front which would strengthen its role in developing India's infrastructure. The initiative of take-out financing would allow easier and greater funds for infra projects. Besides this, the increased spending on national highways, higher allocation for rural electrification, JNNURM and Commonwealth Games would serve as growth stimuli to not only Simplex Infrastructures but also to the sector by providing a great degree of sustainability to infra projects. Similarly, outlays for rural roads under the Pradhan Mantri Gram Sadak Yojana Scheme and others would ensure a complete Bharat Nirman. Overall raising the total infra outlay to 9% of GDP is also a step in right direction.
Moreover, we appreciate the thrust laid on the implementation aspect by the Finance Minister at the state and implementation body level. This would ensure faster translation of outlays into action which has been long expected.
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Union Budget