We expect the Union Budget 2018 to have significant growth-centric announcements in terms of energy conservation and effectively implementing policies in the adoption of safe, reliable efficient and sustainable buildings.
We expect the budget to hold stringent norms for the successful implementation of the Energy Conservation Building Code (ECBC) 2017. As of now, the ECBC has to be first adopted by the states, and then implemented by local bodies, and hence, the process needs speeding up. Usage of certified electrical equipment in every building is of utmost importance to avoid fire-related mishaps, and there needs to be enough vigilance and boost from the government to ensure better adoption of safety standards in the construction industry.
The Union Budget should also give a further boost to the manufacturing sector in the country. Players offering niche solutions – such as smart manufacturing and industrial automation – that can help India achieve global standards of manufacturing and be recognised as a strong manufacturing hub, should be provided regulatory encouragement.
Shrinivas Chebbi shares his expectations from the upcoming Union Budget 2018