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This Article is From Feb 01, 2017

Budget 2017: Sunil Munjal Lauds Higher Infrastucture Spend, Boost For Low-Cost Housing

Munjal also welcomed lower corporate tax for MSMEs in the Union Budget 2017.

Budget 2017: Sunil Munjal Lauds Higher Infrastucture Spend, Boost For Low-Cost Housing
Sunil Kant Munjal, chairman of Hero Corporate Services Ltd. (Photographer Graham Crouch/Bloomberg)

Sunil Munjal, joint managing director of Hero MotoCorp Ltd., welcomed the dramatic increase in infrastructure spending proposed by the Finance Minister Arun Iaitley in Union Budget 2017. wide area covered under the union budget 2017.

While the auto sector had no specific demands from the finance minister in this budget, the industry needed infrastructure to improve, Munjal said.

The budget will provide encouragement to activities which have a high multiplier effect such as housing, he added.

Also Read: Highest Ever Allocation For MGNREGA At Rs 48,000 Crore, Says Jaitley

Also Read: Agriculture Credit Target Set At Record Rs 10 Lakh Crore

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