Stepping up capex in Budget will boost logistics, connectivity: IRF

The International Road Federation welcomed the increased allocation of Rs 10 trillion as capital expenditure in Union Budget, saying it will help boost logistics and connectivity across the nation

Capex, capital expenditure
Press Trust of India New Delhi
1 min read Last Updated : Feb 02 2023 | 1:50 PM IST

The International Road Federation (IRF) on Thursday welcomed the increased allocation of Rs 10 lakh crore as capital expenditure in Union Budget, saying it will help boost logistics and connectivity across the nation.

IRF in a statement also welcomed the thrust of the Budget on seven growth engines of PM GatiShakti, including roads, railways, airports, ports, mass transport, waterways and logistics.

It said the increased allocation will ensure time-bound creation of world-class transport infrastructure and improve logistics and connectivity across the nation.

IRF India chapter president Satish Parakh said stepping up capital expenditure will help boost economic growth while strengthening infrastructure and creating enormous employment.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :Budget 2023Capex

First Published: Feb 02 2023 | 1:50 PM IST

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