The Interim Budget for 2024 indicates a significant shift for India’s goal of achieving Net Zero status –  Mr. Deepak Rai, Managing Director Of Bootes- India’s First Net Zero Company

New Delhi (India), February 1: “The Interim Budget for 2024 indicates a significant shift for India’s goal of achieving Net Zero status. The country is poised for a surge in both residential and commercial construction, with the third highest rate of green building growth in the world. By 2027, the construction market in India is projected to reach Rs.117 trillion, with an expected compound annual growth rate of 17-21% from 2022-2027. Investments in infrastructure, particularly roads and railways, are set to increase significantly, with expected year-on-year growth rates of 21% and 15%, respectively, supported by capital outlay from both the Centre and State governments. Companies involved in urban infrastructure, transportation, and housing construction are expected to see a 17% revenue growth in 2024. The Interim Budget for 2024 has established the foundation for this growth by increasing capital infrastructure spend by 11% along with infrastructure and connectivity upgrades which will benefit the tier 2 & 3 cities across the country. The building infrastructure including medical colleges, affordable housing will be a direct growth beneficiary. Recognizing the growing interest in domestic tourism, the Interim Budget 2024 has made provision to provide long-term interest free loans to be provided to States to encourage development, in addition to projects for improved port connectivity, tourism infrastructure and amenities.

BOOTES has major focus and delivering infrastructure projects in tier 2 & 3 cities and is building Net Zero infrastructure for the Tourism sector. Furthermore, the government’s commitment to green transition aligns with Bootes’ sustainability goals. BOOTES welcomes these measures as it gives us the opportunity to triple our business in the next fiscal and looks forward to contributing to the nation’s 2070 Net Zero goals.

We believe an encouraging fiscal policy will have a positive impact on the EPC sector in several ways, including improving stability in input prices and increasing the order-to-revenue ratio, leading to enhanced revenue visibility. From Year 2024, we anticipate that 78% of new commercial buildings constructed in India will be green, presenting a significant expansion opportunity. With the appropriate financial support, Net Zero Construction Technology Companies such as BOOTES will be able to enhance their growth and financial performance by improving operational efficiency, stabilizing working capital requirements, and reducing dependence on external debt. This will enable us to expand our range of energy-efficient construction technologies, including cutting-edge cooling and heating solutions for new buildings addressing the opportunity in the Green Building/Net Zero space.”​

About BOOTES https://bootes.in/

Headquartered in Gurgaon, BOOTES is India’s first Net-Zero Company with the vision to be the pioneers in transformative and sustainable building solutions and, to redefine construction industry benchmarks towards a greener, healthier and Net-Zero/Aatmanirbhar Bharat. The company provides 360-degree solutions: Design, Build, Finance, Operate, and Transfer with best-in-class technologies that reduce Operating Costs & Carbon Footprint. BOOTES delivers sustainable and Aatmanirbhar infrastructure to actualise India’s Net-Zero goals 2070. 

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Press Release

Leading Digital Marketing Company in Usa ARK Marketing Pro LLC: Leading the Way in Digital Marketing Innovation

New Delhi (India), June 15: In the ever-evolving landscape of digital marketing, ARK Marketing Pro has emerged as a trailblazer, setting new benchmarks for success and innovation. As one of the leading digital marketing companies in the USA, ARK Marketing Pro is transforming how businesses connect with their audiences, leveraging cutting-edge technology and data-driven strategies. […]

Read More
Press Release

Zaveri and Co.  Celebrates the glamour of Heeramandi with Exquisite New Collection

Ahmedabad (Gujarat) [India], June 15: Zaveri & Co., a name synonymous with elegance and craftsmanship in the world of luxury jewellery, is proud to announce the launch of its latest collection inspired by the opulent and vibrant world of Heeramandi. – The diamond bazaar. This collection, which masterfully blends traditional artistry with contemporary design, promises […]

Read More
Press Release

Salaar Actress Sriya Reddy unveils special edition Timex and Guess watches at Kamal watches,Aparna Mall for their 55th anniversary

Hyderabad (Telangana) [India], June 15:  US-based watchmaker Timex Group commemorates their strong partnership with their Hyderabad based partner Kamal watches (Aparna Mall) through a special edition watches collection from Timex and Guess. At a grand celebration, popular Actor Sriya Reddy was invited to grace the occasion and unveil the special collection. Established in 1969 with […]

Read More