The Budget for 2021-22 has put emphasis on accelerating the growth momentum of the country by targeting infrastructural growth including road, rails, urban, power, ports, shipping etc. The National Infrastructure Pipeline (NIP) incorporates 500 more new projects. The creation of Development Financial Institution will help address the funds requirements of different agencies. The announcement of Production Linked Incentive Scheme, Vehicle Scrapping Policy, coverage of 1 crore more families under Ujjwala Yojana etc. will boost domestic production. All these measures and thrust on infra development will have a major positive impact on the demand for steel in the long run.
Soma Mondal, Chairman, SAIL on Union Budget 2021-2022
