Promoting Green Mobility and Sustainable Transportation

The Union Budget 2024 highlights a renewed focus on promoting green mobility and sustainable transportation solutions. With significant investments in electric vehicles and supporting infrastructure, the government aims to drive the adoption of eco-friendly transportation options across the country.

Mr. Naveen Garg, Cybersecurity Reliability Engineer at Akamai Technologies, emphasized the budget’s impact on the tech sector, “India’s commitment to using technology to increase productivity and investment in public infrastructure is demonstrated by the recent budget declaration, which will further India’s digitalization. The government is creating a more technologically advanced and linked educational ecosystem by allocating a substantial Rs100 crores to enhance digital infrastructure in schools and higher education institutions. By guaranteeing digital gadgets, smart classrooms, and high-speed internet connection, this investment will close the digital gap and facilitate seamless online learning. Furthermore, the Finance would be used to create and improve digital content, including e-books, interactive lesson plans, and AI-powered individualized education programs. This action will improve education while also giving young students the tools they need for the future. The initiative is called Vikasit Bharat.”

Mr. Bantwal Ramesh Baliga, Group CEO of Acquaviva, applauded the budget’s employment incentives, “The scheme introduced in the budget to incentivize the hiring of first-time employees is a game-changer for the manufacturing sector. By benefiting 3 million youths and their employers through direct incentives based on EPA contributions over four years, the government is not only encouraging job creation but also nurturing a skilled workforce. This initiative reflects the Modi-led NDA Government’s commitment to boosting economic growth and employment opportunities. The budget’s announcement to prioritize the participation of women in the workforce is welcomed in sectors like hospitality and retail. This initiative aims to diversify the workforce and recognizes the contributions that women can bring to these sectors. The budget is paving the way for greater gender equality and economic empowerment within these industries.

Furthermore, the announcement to promote water supply, sewage treatment, and solid waste management projects for 100 large cities reflects an approach to infrastructure development. These initiatives will not only enhance urban living standards but also increase demand across various industries involved in construction, engineering, and environmental technologies. Overall, the budget’s focus on incentivizing employment, supporting women’s participation in key sectors, and advancing urban infrastructure projects is set to catalyze industrial growth, create new job opportunities, and drive sustainable economic development. This forward-looking strategy positions India for long-term resilience and prosperity.”