Will new sectors get infra, industry status?
The infra tag will enable different sectors to avail of tax breaks, incentives and credit on lower interest rates
image for illustrative purpose
Set for industry status
• Hospitality,
• Automobile retail,
• Diganotics facilities
• Cos in EV charging
New Delhi: The Centre might bestow infrastructure as well as industry status to new sectors to boost several pandemic hit industries in the upcoming Union Budget. Industry insiders said that several sectors and sub-industries such as hospitality, automobile retail, specific diganotics facilities and companies engaged in installation of EV charging stations amongst others might get the status.
The infra tag will enable these sectors to avail tax breaks, incentives and credit on lower interest rates.
"Sectors which are in greenfield or which would need capex augmentation to help them overcome the pandemic can be looked from the lens of an infrastructure sector," said Jagannarayan Padmanabhan, Director and Practice Leader, Transport & Logistics, Crisil Infrastructure Advisory.
"Also many of the already identified sectors need a sustained policy push which will help them get visibility both in terms of quantum and the time period of applicability."
Till now, activities associated with laying of power and telecom transmission and distribution lines, roads, highways, railways and construction of facilities such as hospitals, affordable housing, power generation units, water treatment plants, SEZs and certain type of hotels amongst others were given such status.
