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IEEMA, Energy News, ET EnergyWorld

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New Delhi: The package of Rs 3.05 lakh crore announced in the Budget for revamping the loss-making discoms will give a huge boost to the electrical equipment sector, according to the Indian Electrical and Electronics Manufacturers Association (IEEMA).

“The investment of 3.05 lakh crore will improve the functioning of discoms and help in improving their health and viability,” Anil Saboo, President, IEEMA said. The industry body said in a statement the government’s emphasis on infrastructure spend reflects the classical Keynesian model.

It also welcomed the infrastructure boost in the budget which provides Rs. 1.10 lakh crore for railways and airports and a 100 per cent electrification of broad gauge rail tracks by December 2023.

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