- Sebi Joseph, President, Otis India
Sebi Joseph, President, Otis India, on the Union Budget 2017-18:
The Union Budget 2017-18 aims at comprehending the dream of building a transparent and sustainable economy by providing an impetus to rural economy, road infrastructure, airports and railways, which is a welcome move. The focus on few crucial aspects like digital and black economy augurs well. Increasing spends on capital expenditure and infrastructure, and provisions to generate more employment opportunities, are some of the few pivots that can support India’s rapid growth. Provisions of a New Policy for Metro Rail and the proposed investment in making 500 railway stations disabled-friendly will help provide a boost to the elevator and escalator industry in the long term.