Investments in infrastructure need real action: Voltas

For the consumer durable sector, budget 2011 has fully exempted air-conditioning and refrigeration panels for cold chain infrastructure and the conveyor belt from excise duty.

Speaking to CNBC-TV18, MM Miyajiwala, Executive Vice President & CFO of Voltas said,"Overall, this move will improve the sentiment. It emphasizes that the government is focused on warehousing and infrastructural investment for foodgrains and agricultural produce. It is a move in the right direction." One has to hope that the announcement made for the infrastructure sector will get converted to action on ground and it will result in better investment and execution of new projects, he added. Below is the verbatim transcript of Miyajiwala's interview with Latha Venkatesh and Sonia Shenoy of CNBC-TV18. Also watch the accompanying video. Q: You reach out to both the infrastructure construction space as well as the consumer durable space. What are the big gains and minuses in the budget? A: The government's announcements in the budget are all positive. We were worried about the rollback in the excise duty but that didn