Category: Announcements

Step Onward, Be Steward!

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Dr Mayur J Kapadia, former AGM-QC, GNFC Ltd It is needless to say that scarce and polluted water, that too, with unequal access has raised tensions among countries and communities. So, water can be a critical factor for stability of the world. Aptly chosen theme for World Water Day 2024 – ‘Water for Peace’ – can be supported by appropriate actions of all major stake holders of water – Agriculture, Industry and Domestic consumers. Though there are varying estimates (8-14%), it is clear that industrial use of water is not…

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Budget 2024: Funding the Future through Infrastructure Development

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By Subhash Sethi, Chairman, SPML Infra Limited Infrastructure development is a fundamental driver of economic progress, forming the backbone of a nation’s growth. Robust infrastructure facilitates increased productivity, efficiency, and connectivity, thereby fostering favourable environment for economy to thrive. By investing in and enhancing essential physical structures, such as road, rail, air and water transportation, energy, communication, sanitation, water facilities etc. can create an environment conducive to economic advancement. Improved infrastructure not only facilitates smoother business operations but also attracts investments, fosters innovation, and boosts overall GDP. The Interim Budget…

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Budget 2024: Implementing Vision for Development

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Anil Sethi, Chairman, Pump Academy Private Limited The Finance Minister’s Budget 2024 presentation has laid the foundation for fostering India’s growth trajectory, in an effort to solidifying India’s growing credibility in the global economy. This Interim Budget for 2024 is focused on reforms and stimulating investments, aligning with the vision of a ‘Viksit Bharat’ by 2047, marking the 100th year of independence and aspiring to attain a $30 trillion economy. According to the International Monetary Fund (IMF), India is projected to secure the position of the third-largest economy by 2027.…

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Post Budget Quote from SmarterHomes

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By Jitender Thirwani, COO, SmarterHomes In recent years, India has shown a proactive stance in the fight against climate change. The government’s commitment to addressing climate issues and promoting sustainability is evident in the initiatives outlined in the interim budget. The government’s allocation of  ₹ 70,163 crore for the Jal Jeevan Mission (JJM) in the budget 2024-25 is a great step towards ensuring clean water to millions of households. This is a reflection of the government’s recognition of the critical importance of water security in the country. This not only…

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Whether a non-eventful budget?

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By Dr. Mayur J. Kapadia, Former Additional General Manager, GNFC Ltd. The Finance Minister Nirmala Sitharaman, while presenting an interim budget or a “vote-of-account” in a record creating shortest speech of 58 minutes, abstained from any populist measures, but offered a vision for ‘Viksit Bharat 2047’ through fiscal prudence, discipline and reduced fiscal deficit. ‘Vote-of-account’ is generally believed to be a non-eventful one, but several specific measures of budget 2024 make it an eventful budget. While promising government support for farmers, young, women and poor; the FM intends to continue…

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Post Budget Quote from Danfoss India

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By Mr. Ravichandran Purushothaman, President, Danfoss India We commend the government’s continued visionary approach towards green and sustainable economic growth as outlined in the interim Budget.  The measures introduced for developing green energy capacity in the country – viability gap funding for offshore wind energy, boost for electrification and promotion of compressed biogas – demonstrate the nation’s focus towards building a cleaner energy ecosystem. These initiatives will also stimulate innovation and growth within the renewable energy sector. The budget’s focus on agriculture and food processing, along with investments in efficient…

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Budget 2024: Prudent & Forward-Thinking

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By Naser Azeez Mohammed, Managing Director, Aquality Water Solutions Pvt. Ltd. The World Economic Outlook report from the International Monetary Fund (IMF) anticipates an improvement in global economic growth in 2024, reaching 3.1%. The IMF also projected that India will attain the position of the third-largest economy by 2027. India has showcased resilience throughout 2023, overcoming challenging global economic conditions. The initial advance estimate indicates a projected gross domestic product (GDP) growth of 7.3% for the financial year FY24. In FY25, India’s economic growth will consistently be driven by government…

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Budget 2024: Vision and Development Perspective

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By Abdul Rahman Mohammed, CEO, Sahara Industry Adequate quantity of safe quality water is a fundamental human right, yet it is not assured; it requires active efforts to procure, store, use and manage. Access to clean water is essential for sustaining life, promoting health, and ensuring well-being of nations. Therefore, it is our collective responsibility to work towards guaranteeing this basic human need, implementing sustainable water management practices, optimizing resources and fostering equitable access to this vital resource. As water is vital for human survival, similarly, it is essential for…

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Budget 2024 Quote on behalf of Suraksha Group

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Jash Panchamia Budget 2024

By Jash Panchamia, Partner, Suraksha Group We applaud the Government’s focus on the development of affordable housing in the interim Union Budget 2024. As families grow, we anticipate an increase in the demand for housing by building two crore new houses in the next five years. The revolutionary scheme empowers the middle class, which resides in rented houses, slums, and unauthorized colonies, to buy or build their own homes. This also emphasises on the fact that the Government’s focus has been in providing a respectable lifestyle to the economically weaker…

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Budget 2024: Outlook for Water Sector

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Subhash Sethi, Chairman, SPML Infra Limited India was the 10th largest economy in the world with a GDP of $1.9 trillion about ten years ago. Today, it is the fifth largest with a GDP of $3.7 trillion (est. FY24) and in the next three years, it is expected to become the third-largest economy in the world, with a GDP of $5 trillion.  Policy reforms with ease of doing business have played a pivotal role in propelling India’s economic growth. These measures have significantly contributed to the country’s economic progress and…

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