The government shouldn't step in at the first stage and create land banks. Industry should buy the land as much as they can, and if they get stuck, then the government should step in.
From Jamshyd Godrej
Infrastructure projects create a lot of demand for material, services and manpower. It is a chain reaction; if the infrastructure growth slows down, it will hit overall demand. The supply side has to keep increasing to sustain growth.
I don't think manufacturing should be looked at independently. It is part of the economy. So, when the economy does well, and when there is investment, the sector does well.
When there is a situation where one does not see demand for a year or two, then capex is suspended. It will reverse only when the situation improves.
Besides infrastructure, there is a huge opportunity in housing and urbanisation of cities - not only building new ones, but also renewing the infrastructure of old cities to make them more livable. This provides tremendous scope for large investments to fuel growth.
Godrej is committed towards improving quality of life in society.
As a group, we want to follow good and green strategy. Setting targets is one element of that. The second part is to design products which meet environmental goals.
In a company, you buy thousands of things. Every item you buy has its own footprint.
Sometimes, we use the term 'growth' as a number and sometimes as an abstraction, but the underlying implication is always that, if the country grows at a certain rate, at the end there will be a pot of gold for everyone.
Economic growth can enable development if it is supplemented by public policies that encourage circulation of wealth, especially into crucial areas such as public healthcare and education.
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