Pragmatic Budget for transformative growth in Northeast India: Industry bodies
Northeast India hailed the Union Budget 2024-2025 as a positive step towards the holistic development of the northeastern states.
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Ranjit Barthakur, Chairman of FICCI North East Advisory Council (NEAC) said, “The Union Budget 2024-2025 is a positive step towards the holistic development of the northeastern states. The significant allocations for infrastructure and connectivity, particularly the Rs 1.11 lakh crore for capital expenditure and specific assistance for flood management in Assam, will bridge the regional disparities and enhance the connectivity of the northeast with the rest of the country. This budget truly recognizes and addresses the unique needs of our region."
«We need substantial investment in connectivity infrastructure in the Northeast, particularly in riverways, international road and rail connectivity as well as Airways, I am sure the significant allocation towards capital expenditure will help address this need.”
He further added “the allocation of Rs 1.52 lakh crore for agriculture and allied sectors, along with targeted support for shrimp production and the creation of large-scale vegetable clusters, is poised to transform the agricultural landscape of the northeastern states. The introduction of digital public infrastructure for agriculture will provide farmers with crucial information and resources, boosting productivity and profitability.
