In Budget 2024, the metals industry expects to increase infrastructure spending and reduce imports from China.
moneycontrol.com
India
01-02-2024
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On February 1, Union Finance Minister Nirmala Sitharaman is scheduled to deliver the interim budget for 2024–25. Although the final budget won't be known until after national elections and a new administration has taken office, the mining and metals sector has set its sights on more infrastructure spending and changes to stop Chinese dumping.
"The government should continue the focus on increasing the spend on infrastructure. It should also work on further improving the cost of doing business and the ease of doing business," said Tata Steel Managing Director TV Narendran.
"Rising imports are a concern and should be tracked closely as dumping of steel in India can hurt the profitability and hence the investment plans of steel industry,” Narendran added.