Increased capex in the union budget to boost logistics and connectivity across the nation: IRF

The Union budget 2022-23 announced on February 1, 2023 allotted INR 10 lakh crore as capital expenditure for the industry. Welcoming this increased allocation, the International Road Federation (IRF) on Thursday said it will help boost logistics and connectivity across the nation.

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

In a statement IRF said that the increased allocation will ensure time-bound creation of world-class transport infrastructure and improve logistics and connectivity across the nation.

Stepping up capital expenditure will boost economic growth while strengthening infrastructure and creating enormous employment, said IRF India Chapter president Satish Parakh.

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