Budget: Infra sector calls for raised capex

"The sector would benefit immensely from boosting infrastructure funding, reviving private sector participation and building green infrastructure.

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Just days ahead of the Union Budget 2025 on February 1, the infrastructure sector players are calling for GST rationalisation, tax incentives for green building technologies, increased capital expenditure (capex) for roads, railways, and ports, support for public-private partnerships (PPPs), and skill development programs to address workforce gaps in construction and infrastructure sectors.

The industry players in the infrastructure sector -- from construction to real estate, transportation, and urban development -- also emphasised the need for fiscal reforms and policies that would ease the burden on infrastructure projects.

Arvind Nanda, Managing Director of Interarch Building Products, highlighted the importance of tax relief, particularly for pre-engineered buildings (PEBs) across industrial projects.