Union Budget Reaction – Arun Misra – CEO, Hindustan Zinc Limited.
“The budget focuses on unlocking India’s potential.”
We commend the Interim Budget for its focus on unlocking India’s growth potential and building a sustainable future. The 2024 interim budget unfolds a visionary roadmap for ‘Viksit Bharat,’ with INR 11,11,111 crore, infrastructure allocation, constituting 3.4% of the GDP, is a game-changer for sectors such as metals, logistics, and green energy. Initiatives like railway corridors, metro expansion, Vande Bharat trains and new airports will bolster efficiency and create jobs. Modernization of airports, ports, and greenfield development further galvanize our infrastructure backbone thus aiding employment for the youth and GDP growth simultaneously.
The emphasis on rooftop solar aligns with the ‘Green Growth’ vision, propelling India towards net zero. Green energy projects, offshore wind, and the EV ecosystem expansion mark significant steps towards sustainability. This will stimulate demand for critical minerals. We are optimistic about the transformative impact of these initiatives, boosting demand for galvanized steel among other metals and minerals across infrastructure and green projects.