Bhubaneswar: Dilip Oommen, CEO of ArcelorMittal Nippon Steel India (AM/NS India) said. ‘The Union Budget sets a bold course for an Atmanirbhar Bharat, demonstrating the Government’s commitment to sustainable growth under the Viksit Bharat@2047 agenda. With ₹11.21 lakh crore allocated for capital expenditure, the focus on infrastructure will stimulate growth, especially in the steel sector. Actual spending from the committed outlay within the financial year will set the tone for immediate and future economic growth.
The overall focus on renewable energy is a commendable step. The additional focus on Nuclear Energy, with a target of 100 GW by 2047, is a decisive step in India’s green energy transition. This will help in driving the green transformation of the country and the steel industry.
“The steel sector also stands to benefit from indigenous shipbuilding and marine development projects and enhanced credit availability for MSMEs which will have access to financing for businesses involved in the construction and manufacturing sectors.”
