Indian Budget 2018
This is a good and inclusive budget. It seeks to resurrect rural uplift, which is critical in giving a boost to the economy, which in case of India is largely an agrarian one.
The focus on infrastructure, the MSME sector, rural electrification, rural housing, food processing and the Railways (through increased spending) is a definite positive for the Steel industry. We were hoping for reduction in duties/cess on some key raw materials used by steel producers, but unfortunately they have been left untouched.
Dilip Oommen is the MD of Essar Steel