PSU NEWS
Shri Anil Kumar Chaudhary chairman SAIL on the package announced by PM Modi
New Delhi: Reaction of Shri Anil Kumar Chaudhary, Chairman, SAIL on the package announced by Hon’ble Prime Minister Shri Narendra Modi. The massive stimulus package announced by the Hon’ble Prime Minister, Shri Narendra Modi along with the roadmap for a more atmanirbhar Bharat (self-reliant India) is very encouraging and reassuring in these times. It is in line with the industry expectations. It is also around 10% of GDP, which is in tandem with what other developed countries in the world have announced during this period.
This will greatly help to restart the various industrial activities and sectors in economy and will also bring back the momentum of all economic activities. Infrastructure being one of five pillars emphasized by PM in his strategy of self-reliant India will augur well for domestic steel demand. Once the economy is kick-started, there will be a marked pick-up in infrastructure and construction activities bringing the steel demand back in domestic market.
As we will proceed towards a much more inclusive growth model, sectors like farming, MSMEs, capital goods will all grow automatically generating a demand for materials like steel, which is directly proportional to economic growth of the Country.
Read Also : KABIL inks MoU with CSIR-NGRI for advancing geophysical investigations in critical and strategic minerals sector
News Must Read
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24
- RuPay Unveils Link it, Forget it Campaign at IPL 2024 to Promote RuPay Credit Card on UPI
- NTPC Green Energy Limited Inks MoU with Indus Towers Limited
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE