Thursday, July 10, 2014

Post-Budget reaction by Emerson Network

Post-Budget quote from Mr. Sunil Khanna, President and Managing Director of Emerson Network Power in India:

Emerson Network Power believes that this has been a pro-industry budget and the proposal to develop 15000kms of new gas pipelines through PPP will spur growth. Additionally, allocation of funds to create solar power projects across states will help in alleviating the power crisis in the country. Understandably, the focus on implementing the Green Energy Corridor Project will help boost power generation from renewable energy sources. The government’s commitment of providing electricity 24×7 for all households will provide an impetus on maximizing power utilization with increased efforts on harnessing alternate energy sources and bringing back focus on manufacturing. We are confident that the initiative to enhance broadband connectivity in villages should help in creating more digital infrastructure and this will also benefit small and medium businesses as well as restore confidence in the public with the shift towards e-governance models.