The growing significance and impact of India as an economic hub is a source of great excitement for us. We are impressed by the country’s significant economic growth and potential, and we look forward to exploring opportunities to contribute to India's development.
We, at Schaeffler India, are positive about the Union Budget 2023 presented by the Honorable Finance Minister. The government’s emphasis on sustainability, infrastructure development, digitalisation, and promotion of AatmaNirbhar Bharat (self-reliant India) closely aligns with our vision and strategies. We are confident that these measures will stimulate the growth of the Indian economy and create numerous opportunities for businesses like ours.
As a leading player in the automotive and industrial sectors, we are encouraged by the government’s efforts to boost domestic manufacturing. We are also pleased to see the emphasis on skill development and job creation, as this will have a positive impact on our workforce and the industry at large. We are committed to contributing to the growth of the Indian economy.
Harsha Kadam
Managing Director & CEO
