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10:30 AM | Thu, 30 Jun 2016

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Scania India Post-Budget Statement - FY 2016

121 Days ago

FY 16 – Post Budget statement

Quote attributed to:

Stefan Palskog – President Scania India and

Mikael Benje – Managing Director Scania India.


" in lieu of all pollution problems and issues of waste management in the city and in addition to the PM’s ambition to  substantially reduce the dependency on fossil fuels, we had sincerely hoped that the budget would emphasise the need of biofuels made from local waste. We are disappointed that there is no specific policy action or incentive announced for biofuels-led sustainable transport solutions in the Union Budget for 2016-17. Scania believes this is a pre-requisite to make ‘Smart Cities’ and ‘Swach Bharat’ a quick reality. However, we welcome the government’s strong emphasis on infrastructure development. There is also a clear promise to ensure quick passage of Goods and Services Tax (GST) which will significantly reduce costs across the supply-value chain, increase fuel efficiency and fast track India’s journey towards becoming a global manufacturing hub while improving the GDP development. We will continue to support initiatives to improve the transport sector by bringing in global technology and best practices in manufacturing to India.”

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