Union Budget Reaction – TV Narendran, CEO & MD Tata Steel
“It is heartening to see the government’s emphasis on every region.”- TV Narendran, CEO & MD Tata Steel
The announcement by the Hon’ble Finance Minister to increase the capital expenditure on infrastructure is a welcome step, which would have a multiplier effect on the nation’s overall economy. The continued expansion of rural housing along with the proposal to develop three economic railway corridors under the PM Gati Shakti Yojana are other significant moves that will spur steel demand, create jobs, and improve connectivity & logistics.
It is heartening to see the government’s emphasis on every region contributing to a ‘Viksit Bharat’ which is underscored by a special focus on the eastern part of the country.
The financial support envisaged to promote research and innovation is an encouraging initiative which will help nurture the aspirations of our youth.