Infrared appeals to increase capital expenditure, SOP and tax reform of green projects

New Delhi [India]On January 28 (ANI): A few days before the budget of the union on February 1, the infrastructure department participants It is calling for GST rationalization, tax preferences for green building technology, increasing capital expenditure (Capex), roads, railways, and port capital expenditures (CAPEX), support for public and private partnerships (PPP), and skill development plans to solve The labor gap in the field of architecture and infrastructure.

From construction to real estate, transportation and urban development, industry participants in infrastructure fields also emphasize the demand for fiscal reform and policies, which will reduce the burden on infrastructure projects.

Arvind NANDA, managing director of Interarch architecture products, emphasizes the importance of tax reduction, especially for pre -designed buildings (PEB) for industrial projects.

Nanda said: “Expanding PEB’s Input Tax Derelation (ITC) benefits will reduce project costs, promote environmental construction solutions and promote industrial progress.” He also called for greater investment in the development of skills under the “Indian skills” task , To solve the talent gap in the construction industry.

Bhagat said: “The industry will benefit from increasing infrastructure funds, restoring private sector participation and establishment of green infrastructure. In addition, encourage investment in renewable energy, skills development and green technology Sustainable goal is consistent “Singh, Ceigall India Limited Group Chief Financial Officer.

Vivek Iyer, a partner of Grant Thornton Bharat, emphasized the importance of rationalizing the capital expenditure plan to ensure a balanced growth.

He suggested to adjust and distribute according to the development needs of different countries to keep fiscal policy consistent with long -term infrastructure goals.

IYER added: “The center of the center has been specified to increase the sustainability and balanced growth of the state’s capital expenditure plan in the form of 50 years of interest -free loans, which in turn has led to the development of the country.”

In the field of transportation, Ashish Suman, the partner of JSA advocates and lawyers, is expected to increase the capital domination of highways, highways and ports.

Suman pointed out: “With the greater promotion of robots (constructing-operation transfer) projects, the capital expenditure of the road industry has increased by up to 10 %, which will stimulate private investment and promote the development of infrastructure.”

In urban infrastructure, the focus is on the revitalization of public and private partnership (PPP) to increase funds in the second and third cities.

Suman pointed out that the PPP investment of urban infrastructure has stagnated and called for innovation models to encourage private sector to participate.

He suggested to better use the Urban Infrastructure Development Fund (UDIF) and strengthen the municipal bond market to cope with the capital challenges facing urban local institutions (ULB).

LWT IMEA’s Indian and Zitock leader Priya Rustogi emphasized the potential of India’s 6.5 % GDP growth forecast, and added: “Pay attention to the development of housing and infrastructure that can afford to afford the burden. Sustainable and high-level high-quality bathroom solutions “.

She urged the government to rationally hygienic Ware’s commodity and service tax rates and promote sustainable construction practice in order to meet environmental goals.

Kulimar Paints, Kuldip Raina, responded to similar views, especially about the growth of decoration and industrial coatings.

RAINA added: “We also advocate stable raw material supply, and encourage the research and development of subsidies to develop and provide technical upgrade subsidies through tax discounts. These steps will reduce production costs, reduce energy costs, and promote more industry participation.” (ANI)