Mr. Gopalakrishnan Padmanabhan, Managing Director – Southeast Asia & Middle East, GBCI.

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The Union Budget for FY 2022-23 is growth oriented in its outlook. It is a good shot in the arm for the economy as it focuses on capital expenditure without leaving behind the nation’s commitment to transition to clean and green energy. From a real estate point of view, the continuance of the PMAY scheme to provide affordable housing to 8 million identified beneficiaries is a welcome decision. Additionally, the issuance of sovereign Green Bonds for mobilizing resources for green infrastructure will encourage public sector projects in reducing their carbon intensity. We hope that this will usher in a new phase of green projects in the country. Lastly, while we applaud the Government’s efforts in presenting a pragmatic budget, we truly hope that the real estate and infrastructure sector will focus on delivering green and sustainable projects as well as making existing structures greener which will ensure our transition to net zero in the leadup to India@100”

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