Expect Budget to increase allocation to infra, PLI, says Deven Choksey

Deven Choksey, MD, DRChoksey Finserv

Deven Choksey, Managing Director of DRChoksey Finserv anticipates that the Budget will build upon the themes set out in the interim budget in February. He expects increased expenditures in infrastructure and production-linked incentive (PLI) schemes for manufacturing. The key areas likely to see significant allocations are agriculture, infrastructure, and manufacturing, Choksey told Moneycontrol.

Infrastructure Investment

Choksey predicts that the budget will allocate substantial funds to infrastructure projects. While past budgets have focused on freight corridors, this year’s budget may shift attention to waterways and inland transportation. The government, according to Choksey will aim to enhance logistics efficiency and improve transportation networks across the country.

Follow our live blog for all the market action

Green Hydrogen and Manufacturing

A major highlight in the budget is expected to be increased support for green hydrogen initiatives. This includes investments in manufacturing under PLI schemes and the development of electrolyzer technology. Public sector projects, particularly those involving oil PSUs, are likely to receive considerable support to advance green hydrogen technology.

Agriculture

Choksey outlined several key areas within agriculture that are expected to receive increased funding. These included agrochemicals, irrigation, and warehousing.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.