“The much awaited budget presented by Finance Minister, Mr Arun Jaitley shows immense promise.
A net investment of Rs 97, 000 crore in the road sector has been proposed and a total of nearly 10, 000 kms of national highway has been approved by the government. With this proposed advancement in the infrastructure, the country shows that it is now ready for the advent of smart transport options. These initiatives are truly the right ones for stimulating the off- highway products where ZF is present and will be glad to contribute.
Also, the dedicated R&D team of ZF will continue their endeavor to find suitable innovative and futuristic technologies that can be introduced in India.
Additionally, the setting up of 1500 multi skill training institutes would help auto components manufacturers in acquiring skilled talent. The Finance Ministry has also promised to enforce the necessary revisions in Motor Vehicle Act and open up the road transport sector in the passenger cars segment.
All in all, we at ZF are looking forward to this financial year as this budget gives us the motivation to continue on our path of futuristic and sustainable growth.”