The Steel industry is expecting a higher government spending on the infrastructure sector with the continuation of stimulus package.
A calculative push towards the infrastructure sector can be instrumental in boosting the alloy industry.
"In spite of our impressive GDP growth, infrastructure facilities remain inadequate. The budget has to provide impetus for major investments in infrastructure." said, S.K. Roongta, chairman, Steel Authority of India.A calculative push towards the infrastructure sector can be instrumental in boosting the alloy industry.
Union Finance Minister, Pranab Mukherjee is set to unveil Budget 2010-11 on 26th February which, will mark the withdrawal of concessions granted in the last fiscal year to cope up the global economic meltdown. The steel industry however, is hoping for the continuation of stimulus package to maintain the GDP growth rate.
