By Anil Kumar Chaudhary
The Union Budget compliments the expectation of steel industry and other related industries. SAIL is completely geared up to cater to every requirement of governments roadmap to reform, perform and transform India. Steel Authority of India Limited (SAIL) is committed to fulfil the expectations of Indians as it has been doing for the last sixty years.
For a country headed towards $5 trillion economy in next five years, the budget is very structured for moving towards that target. Clear emphasis has been laid on the infrastructure development along with massive push to every connectivity avenue including industrial corridors, dedicated freight corridors, Bharatmala, Sagarmala, UDAN and PMGSY.
The government's commitment in budget to provide electricity, housing for all under Pradhan Mantri Awas Yojana - Gramin, availability of water and LPG connections, focus on development of urban housing under Pradhan Mantri Awas Yojana - Shahari, etc. are all very positive and hold excellent promise for the steel industry.
The budget also proposes investment of Rs 50 lakh crore in augmenting Railways infrastructure by 2030 as well as substantial investment for roadways upgradation and connectivity.
The government's emphasis on investing Rs 20 lakh crore every year in infrastructure development will certainly help in increasing the steel consumption and will facilitate the growth of domestic steel industry.
(The author is Chairman, SAIL. The views are personal)
-IANS
sn/pg
( 231 Words)
2019-07-06-13:14:08
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz