Pre-Budget Expectation - Mr. Rajiv Vij (MD & CEO, Carzonrent.com

"On various occasions the Government has spoken about its strong agenda around 'Smart Cities'. It will be a welcome step on the Finance Minister's part to spell out specific initiatives to be implemented during the course of the year along with related budgetary allocations and measures to address the crowded metro cities' rampant urbanization in the past by bringing about planned development, which match global standards of modern cities in developed economies. This will go well for the estimated $150 billion foreign investment the sector needs.

The major concern in the development process is inadequate infrastructure, congested roads, parking problem and increasing pollution levels ,where the solution lies in the introduction of shared economy in urban mobility complemented by technology to encourage change in car ownership pattern. This can remove 25 on road cars with one car - thus reducing traffic woes and easing pressure of creating parking infrastructure for exploding population of automobiles owing to improving economic profiles of households. Introduction and clarity of policy and regulatory framework in urban car rental services' formats, like self-drive/ car sharing will help the cause and also encourage investments in the segment. Allowing private car owners to share their cars with others using car sharing platforms and removing inter-state entry tax on cars/taxis will be welcome steps".

Source : Equity Bulls

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