Union Budget 2014-15 announcements indicate steps in a good direction

Volvo Buses welcomed the Union Budget for 2014-15 presented today, which has emphasised on the future vision for cities in India, as well as the country on the whole. Volvo is committed to play its role in supporting modernisation of Indian cities by providing complete & sustainable transport solutions to make public transport an attractive option.

The government has allocated INR 50,000 crore towards urban infrastructure projects that will help in creating sustainable cities. The centre’s proposal to set up Industrial Smart Cities in seven locations is another initiative that will help in developing planned residential cities, while possibly decongesting some of the larger cities.

We hope that when the detailing is done, there is focus on aspects of urban development such as electromobility, sustainable transport solutions such as BRTS and decongestion of cities.

The focus on road safety with allocation of funds is a small step that will be essential in addressing the rising incidents on India’s roads. Another key feature of the budget proposals was the allocation of INR 37,800 crore towards development of better infrastructure – both for National and State Highways.

By way of other announcements in the Union Budget, the government has articulated a vision of a stronger nation – socially and economically – in the years to come. Volvo Buses looks forward to steps that will pave the way for more robust and sustainable development of the country.

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