Publication: Money Control
Shashi Kiran Shetty, founder and chairman of Allcargo Group, described the budget as presenting “a comprehensive and forward-looking macro framework” that addresses near-term growth while signalling a structural overhaul of the economy. He said the government’s six-point intervention plan across manufacturing, MSMEs, infrastructure, security and city economic regions lays the foundation for a more inclusive and resilient economy amid supply-chain disruptions and shifting global trade patterns.
Shetty pointed to the proposed public sector capital expenditure of ₹12.2 lakh crore in FY27 as reiterating the importance of logistics as a growth driver. Initiatives such as new national waterways, coastal cargo schemes, inland waterway ship-repair ecosystems and the proposed East–West dedicated freight corridor are expected to enhance multimodal connectivity and reduce logistics costs. He added that mechanisms like the Infrastructure Risk Guarantee Fund could improve investor and lender confidence, accelerating execution of large-scale projects.