This story is from February 28, 2005

'This one's for who dare to dream'

The RIL chairman feels the budget seeks to harness productive energies and take India forward towards global leadership.
'This one's for who dare to dream'
The RIL chairman feels the budget seeks to harness productive energies and take India forward towards global leadership.
<div class="section1"><div class="Normal">Union Budget 2005-06 is an inspiring exercise in translating a lofty vision into meaningful figures, long-term missions into short-term programmes and, matching promises with performance. <br /><br />It seeks to harness productive energies, ensure equitable growth and takes India forward towards the goal of global leadership.
The PM and FM emerge from it as a formidable combination of wisdom and boldness. <br /><br />Chidambaram has brilliantly outlined an internally coherent paradigm of investment, infrastructure development and employment creation. The Budget presents a viable strategy based on greater access to foreign capital, competitive financial intermediation, improved credit flow, rise in exports and transition from small to medium-sized enterprises. <br /><br />Budgetary support to a wide spectrum of infrastructure domains - from agriculture, post-harvest facilities, irrigation, water supply, housing, rural electricity, rural roads to telecom connectivity - show the irreversible impulse of bringing qualitative change in the life of the common people. <br /><br />The human face of the Budget particularly impressed me. There is an attempt to reach out and relate to different sections of Indian society - from farmers, weavers, children, students to the underprivileged, minorities, women and senior citizens. I see this as an endeavour to make them inclusive to the process of growth and development. <br /><br /></div> </div><div class="section2"><div class="Normal">Significant increases in budgetary allocations for skills development, rural health, integrated child development, drinking water, and sanitation are important measures aimed at building greater human capacity.<br /><br />I''m enthused at the focus on building world-class universities in India, beginning with an immediate initiative in Bangalore. <br /><br />Manufacturing competitiveness, garnering a greater share of world trade and developing Mumbai as a financial hub in this part of the world are components of the same vision - of placing India in the league of global players. Modernising the manufacturing sector reflects a carefully thought out strategy. <br /><br />Seeking to mobilise additional resources in a benign manner, based on greater spread of taxation and better tax compliance shows the FM''s creative response to complex financial challenges.<br /><br />In essence, the Budget''s inspirational - of an India that''s one within and one with the world, cares about common men and opens new opportunities for pursuit of excellence by its youth.<br /><br /><span style="" font-weight:="" bold="" font-style:="" italic="">Mukesh Ambani is chairman of the Rs 135,000-crore Reliance group, India''s largest business house.</span></div> </div>
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