CII CEOs on Delhi Budget- Delhi’s Industry optimistic with Delhi Budget 2016-17

Confederation of Indian Industry (CII) welcoming the Delhi Budget presented by the State Government on Monday, mentioned that the budget was comprehensive in addressing the issues of the citizens and industry and meeting their expectations. The members also appreciated the Government for incorporating many of recommendations and suggestions submitted by CII.

Ms Rumjhum Chatterjee, Chairperson, CII Northern Region and Group Managing Director, Feedback Infra Private Limited said that, “This has been a very positive budget that has kept the needs of the common man in focus. It has also been a participative process with a clear strategy and prioritization of objectives. CII is encouraged that many of our recommendations find a place in the Budget and we look forward to partnering the Delhi Government in achieving what it has set out. It is heartening to see the Governments clear focus on areas like Education, Infrastructure and Healthcare. It will certainly improve the quality of life of Delhi’s Citizens in the short to medium term”.

Mr Madhav B Shriram, Chairman, CII Delhi State and Director, DCM Shriram Industries Limited said that the Textile industry and also other industry sectors in Delhi are very optimistic with this budget. The Government has introduced few schemes such as 3 Tier system in Healthcare and other Tax level reforms such as single window clearances are a welcome sign. The budgets focus on Social Welfare of the state is heartening to see. Like previous year, increase in budget for the Education Sector will improve the infrastructure of the Government Schools. Developing Delhi as a Knowledge Economy of Delhi by showcasing Delhi as a Knowledge Hub of the Nation will improve influx in the Education Sector”.

Mr Rahul Chaudhry, Vice Chairman, CII Delhi State and Chief Executive Officer, Servel India Ltd. Said “ It is an overall positive budget. Government’s intentions are very clear and good. The Budget caters well to the economically weaker section of the society. The focus on Healthcare, Infrastructure and Education is good provided that they are able to implement it.”

Mr K B Kachru, Member, CII Delhi State Council and Chairman- South Asia, Carlson Rezidor Hotel Group (Radisson Hotels) said that overall this budget has been very positive particularly from the point of view of addressing the needs of the social sector. Attention to detail would certainly help this year. However we expected Luxury Tax issue to be dealt better. The Government has accepted CII’s recommendations on Branding Delhi and Delhi Festival.

Mr Daljit Singh, Convenor, CII Delhi Panel on Healthcare and President Fortis Healthcare said “The Delhi Government has put its money where the mouth is by providing appropriate emphasis on Healthcare access to the masses of Delhi. Quality of implementation and sustainability will the key determinant of success. “

Mr Aditya Berlia, Convenor, CII Delhi Panel on Education , and ; Member of Management Board, Apeejay Stya and Svran Group said “Instead of forced outsourcing, the issue of education, the Government has taken bold steps of dramatically increasing its investments in Education. This is a wonderful bold move welcomed by all. However, we are pained that no regulatory enablement has come to expand the number of Private School seats which is the number one concern of most parents in Delhi”.

Mr Rahul Munjal, Convenor, CII Delhi Panel on Environment and Sustainability said “The implementation of the policies will be a big challenge though the Government and industry are very hopeful. It has been an impactful budget. He added that the the Government should have focused more on the Renewable Energies which was missing this year.”

Ms Namita Gautam, Convenor, CII Delhi Panel on Skills, and; Director, Sheela Group said “The Budget has focus on Vocational Training and Skill Development. The new scheme of Train the Trainers is a very positive sign for the future of Delhi. It is also good to see two more ITI’s coming up this year. The Vocational training is the only way of overall development of Delhi. The only aspect the Government needs to focus on is the quality of Training.”