The Cement Manufacturers' Association (CMA) welcomes the Union Budget 2023-24 and we would like to convey our sincere appreciation of the Hon'ble Prime Minister, Shri Narendra Modi and Hon'ble Finance Minister, Smt Nirmala Sitharaman, for a progressive, growth oriented and inclusive first Budget of Amrit Kaal propelled by the Saptarishi priority areas. The Cement Industry in India is delighted for the future ready blueprint provided by the Government of India with an infrastructure thrust, a vision for sustainable cities and transformative green growth. We would expect the socio economic momentum to be accelerated through the identification of infrastructure capital investment as a driver of growth and jobs. We acknowledge the exemplary efforts of the Government of India that make the Indian economy robust and resilient. The Indian Cement Industry is committed to and aligned with the national priorities. 
K C Jhanwar
Past President, Cement Manufacturers’ Association
and Managing Director, Ultratech Cement Limited
The Cement Manufacturers’ Association (CMA) commends the first Union Budget 2023-24 in Amrit Kaal that dexterously nurtures an economy anchored in growth with stability. An increased focus of the Budget to build a technology driven, knowledge based economy, a robust financial sector coupled with an infrastructure thrust lend solidity and robustness to the Nation. Being amongst the most energy efficient and with the least carbon footprint in the Cement sector globally, the Indian Cement Industry is committed to building a sustainable growth ecosystem driven by the principles of circular economy and resource conservation. We are confident and believe in the strong growth future of our Nation being scripted deftly under the leadership of our Hon’ble Prime Minister, Shri Narendra Modi. The Indian Cement Industry reiterates its commitment to being a continued partner in the Nation’s progress.
Neeraj Akhoury
President, Cement Manufacturers’ Association
and Managing Director, Shree Cement Limited
The Cement Manufacturers’ Association (CMA) commends the first Union Budget 2023-24 in Amrit Kaal that dexterously nurtures an economy anchored in growth with stability. An increased focus of the Budget to build a technology driven, knowledge based economy, a robust financial sector coupled with an infrastructure thrust lend solidity and robustness to the Nation. Being amongst the most energy efficient and with the least carbon footprint in the Cement sector globally, the Indian Cement Industry is committed to building a sustainable growth ecosystem driven by the principles of circular economy and resource conservation. We are confident and believe in the strong growth future of our Nation being scripted deftly under the leadership of our Hon’ble Prime Minister, Shri Narendra Modi. The Indian Cement Industry reiterates its commitment to being a continued partner in the Nation’s progress.
Mr Neeraj Akhoury
President, Cement Manufacturers’ Association
and Managing Director, Shree Cement Limited
The economic agenda for achieving the Amrit Kaal vision is based on three focus areas, which are as follows.
Figure 1 Focus areas for the achieving the Amrit Kaal vision
Source: Union Budget 2023-24, https://www.indiabudget.gov.in/, accessed on February 1, 2023
To achieve the three focus areas, the following four opportunities have been identified as transformative during the Amrit Kaal.
Figure 2 Opportunities identified as transformative during the Amrit Kaal
Source: Union Budget 2023-24, https://www.indiabudget.gov.in/, accessed on February 1, 2023
The Union Budget 2023-24 outlines the following seven priorities, which complement each other and act as the Saptarishi guiding India through the Amrit Kaal.
Figure 3 Seven priorities identified as the Saptarishi
Source: Union Budget 2023-24, https://www.indiabudget.gov.in/, accessed on February 1, 2023
