Mr. Hemant Kanoria, Chairman, Srei Infrastructure Finance Limited: Reaction to Union Budget 2019-20
Published on July 5, 2019
Dr. Prasanna Deshpande ,Deputy Managing Director
Indian Immunologicals Limited (a leading biological company)
“This Budget included many development reforms for the Indian economy including developing skills resulting into creation of employment. Though there were no new announcements in this budget specific to healthcare and biotech/life sciences, however in the interim budget earlier this year, already an allocation of INR 61,398 crore was announced for the health sector for the 2019-2020 fiscal which was a 16% increase in the last year’s allocation. This showcases that healthcare has a strong focus from the government. Under Swachh Bharat Abhiyan, the construction of toilets making more than 5.6 lakh villages Open Defecation Free (ODF) will also play a role in reducing many food and water-borne diseases getting spread.”