Response to the post-budget from Mr. Manish Bhatnagar, Managing Director of SKF India Ltd.

“The budget is progressive and growth-oriented given the focus on capital expenditure, green mobility, clean energy, and agriculture. It further defines the roadmap for achieving net-zero emissions by 2070. At SKF, we support India’s aspirations of inclusive and sustainable growth, and we remain committed to achieving net-zero emissions across all our production facilities by 2030 and across our supply chain by 2050. We will continue to
develop intelligent and clean products and solutions to meet the evolving needs of industries and further support their decarbonization efforts. Further, the budget will also help the Indian economy reap benefits from local
manufacturing, infrastructure development, and technology advancements and willfirmly position the country on the path to accelerated growth.”