Business News | Union Budget is inclusive and innovative, largest industrial park among 12 to be set up in Maharashtra: Piyush Goyal

Mumbai (Maharashtra) (India), July 27 (ANI): Commerce and Industry Minister Piyush Goyal noted that the Union Budget is inclusive, impactful and innovative. He said the budget focuses on employment and production and has nine priority themes.

Addressing a press conference, he said the Union Budget contains several proposals for Maharashtra, including the largest industrial park among the 12 proposed projects.

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He said the largest industrial parks of the 12 proposed in the recent Union Budget will be developed near Dighi Port in Raigad district of Maharashtra.

The minister also referred to the major port at Vadhavan, near Dahanu in Maharashtra, which had been approved by the Cabinet earlier.

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He expressed confidence that Maharashtra, which has many cooperative societies, will be the biggest beneficiary of the proposed National Cooperation Policy.

“The Union Budget for Vikshit Bharat is inclusive, impactful and innovative. Focusing on manufacturing and employment, Prime Minister Modi and the Finance Minister have worked on nine priority themes,” he said.

Goyal also referred to the record highs of the stock market and said the tax proposals in the Union Budget will benefit a large section of the population.

According to Goyal, the Union Budget aims to empower SMEs and increase the limit for Mudra loans.

He said financial support will be provided for the establishment of 50 multi-product food irradiation units in the SME sector and the establishment of 100 food quality and safety testing laboratories with NABL accreditation will be facilitated.

Goyal also spoke about the government’s ongoing efforts to improve infrastructure.

He said the government has earmarked Rs 11,11,000 crore for capital expenditure in the current year’s budget and such projects have a multiplier effect on the economy.

He said that 3.4 percent of GDP allocation to capital expenditure was unprecedented. The Union Budget was presented in Parliament by the Finance Minister earlier this week. (ANI)

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