Mr Neeraj Akhoury, CEO India, Holcim and CEO & MD Ambuja Cements

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Mr Neeraj Akhoury, CEO India, Holcim and CEO & MD Ambuja Cements for your consideration:

“The Union Budget 2022 gives a major boost to the infrastructure sector that will help the economy to recover, and grow, at pace. The PM GatiShakti framework is a visionary approach to long-term development. The cement sector will play a major role in this development journey of the country.

The Budget highlights the importance of Sustainable Development and shows India’s seriousness of its Net Zero commitment made recently during the COP26 Summit. Even at Holcim India and its two operating companies in India–Ambuja Cements and ACC, sustainability remains at the core of our business strategy.

Along with the focus on clean mobility and green energy, the proposed measures and reforms for boosting the hydro-power and solar power capabilities of India will help the nation to achieve the targets of 500-gigawatt renewable energy by 2030.

The introduction of Sovereign Green Bonds in public sector projects is the right direction in financing the decarbonizing initiatives.

Overall, Budget 2022 can be termed as a progressive policy in enabling India to transition towards a green and digital economy.”

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