Bokaro Steel Plant’s parent company, Steel Authority of India Limited (SAIL), said that the union budget for 2022-23 holds promise for accelerating economic development, putting the Indian economy on a still higher path of growth.
Chairman, SAIL, Soma Mondal was of the opinion that the budget envisages higher public investments and capital spending by the Government. She said “there is a direct focus on intensifying the infrastructure developmental activities through the PM Gati Shakti Programme with seven engines of growth, focus on Highways network, PM Awas Yojna in rural and urban areas, Har Ghar Nal Se Jal scheme, etc. The additional focus on the MSME sector will also trigger enhanced economic activities. These efforts are sure to have a positive impact on the overall economy and it augurs well for the steel sector.”
The budget also garnered praise from the majority of BSL officials. Bokaro Steel Officer Association (BSOA) president A K Singh expressed his appreciation for the budget. He also said they are hoping for more tax exemptions.
