ASSOCHAM: Budget to Focus on Affordable Housing, Infrastructure

22 Jul 2024 CW Team

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) expects the upcoming Union Budget to emphasise key areas including affordable housing, infrastructure development, and manufacturing growth. According to the industry body, these sectors are poised to receive significant attention and funding to drive economic progress.

ASSOCHAM's statement highlights that the focus on affordable housing is crucial for addressing the growing demand for housing among lower-income groups. By allocating more resources to this sector, the government aims to make homeownership more accessible and reduce the housing deficit.

Infrastructure development is anticipated to be another major priority. Investments in infrastructure projects, such as roads, bridges, and public transport, are seen as essential for enhancing connectivity and supporting economic activities across various regions. Improved infrastructure is expected to boost productivity and stimulate growth in other sectors.

Additionally, ASSOCHAM points out that the budget is likely to include measures to bolster the manufacturing sector. This includes incentives for businesses, support for innovation, and initiatives to enhance the overall competitiveness of Indian manufacturing.

Overall, ASSOCHAM?s expectations reflect a strategic approach to fostering economic growth through targeted investments and policy support. By addressing these critical areas, the budget aims to create a more robust and inclusive economy that benefits all sectors of society.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..