Budget Townhall | Naina Lal Kidwai: Budget should ensure more zeal for economic growth, industry should step up R&D

Naina Lal Kidwai, former President of the Federation of Indian Chambers of Commerce and Industry (FICCI) and Chairperson of the Board at Rothschild and Co, has urged the private sector to step up in terms of capital expenditure on the back of the production-linked incentives (PLI) being offered.

 

Praising the government initiatives on infrastructure and capital expenditure, she told CNBC-TV18 that the industry needs to step up in R&D as she pointed towards China's efforts in upgrading and upscaling in terms of cutting-edge technology.

 

Calling for more incentives and programs to enable companies to spend more on R&D, she pitched for tie-ups between institutes of learning & the government in sectors like pharmaceuticals, deep technology, IT and renewable energy.