Synopsis
The Federation of Industry and Commerce of North Eastern Region (FINER) commended the Union Budget 2025, emphasizing that the revamped UDAAN scheme will significantly enhance regional connectivity and tourism in the northeast region, fostering sustainable growth.Key Takeaways
- UDAAN scheme to enhance connectivity
- Targets 120 new destinations
- Focus on smaller airports in remote areas
- Aims for four crore passengers in 10 years
- Emphasis on MSME growth and economic balance
Guwahati, Feb 1 (NationPress) The Federation of Industry and Commerce of North Eastern Region (FINER) has praised the Union Budget 2025 announced on Saturday, stating that the revised UDAAN scheme will enhance regional connectivity and promote tourism in the northeast.
FINER President Bajrang Lohia mentioned that the proposals put forth by Union Finance Minister Nirmala Sitharaman in the Budget highlight the government's commitment to long-term, sustainable development for the northeastern region.
The Budget outlines that under the revamped UDAN (Ude Desh ka Aam Naagrik) initiative, the Regional Connectivity Scheme will be extended to include 120 new destinations across the country, with a specific emphasis on improving connectivity for the northeastern area.
This initiative aims to prioritize smaller airports and helipads in remote and mountainous districts to enhance regional air travel, with a target of transporting four crore passengers over the next decade.
Noted economist M.P. Bezbaruah referred to the Budget as business-focused, effectively balancing both economic and social considerations.
He expressed support for income tax reductions for the middle class, which he believes will stimulate the economy, while also highlighting the benefits of corporate tax stability for the stock market.
Agriculture received significant attention, although Bezbaruah emphasized the need for sustainable rural employment initiatives.
He called for structured growth in MSMEs, noting that manufacturing requires a long-term vision, and raised concerns regarding China's dominance in AI.
Moreover, Bezbaruah pointed out the absence of social security for gig workers, while commending the controlled fiscal deficit of 4.4 percent.
FINER is dedicated to collaborating with stakeholders and policymakers to ensure that the advantages of the Union Budget 2025 benefit the industries and populace of the northeastern region.
The organization commended the Finance Minister for an all-encompassing and forward-thinking budget that establishes a foundation for strong economic growth and social progress.
Former FINER President R.S. Joshi welcomed the Budget, praising the government's initiatives toward 'Viksit Bharat 2047', presenting a clear strategy for achieving this goal.
He highlighted that the Budget addresses the needs of all societal segments, starting with agriculture and concluding with benefits for the middle class.
Joshi appreciated the balanced approach towards rural and urban economies and pointed out the necessity for GDP growth to rise to eight percent from the previous 6.6 percent.
