B.K. Tiwari, Director Incharge of Bokaro Steel Plant, praised the recently announced budget, emphasizing its focus on infrastructure development and its positive implications for the steel sector. Tiwari noted that the budget’s strong emphasis on infrastructure projects is set to significantly boost the demand for steel, benefitting the sector as a whole.
Highlighting the budget’s potential impact on Bokaro Steel Plant's expansion plans, Tiwari expressed confidence that the budget will serve as a catalyst for the plant's growth initiatives. He stated that the increased investment in infrastructure will drive demand for steel products, thus supporting the plant's strategic expansion objectives.
DIC Tiwari also welcomed the reduction in custom duties on ferro alloys and scrap, describing it as a significant move that will aid the steel industry’s growth. The budget’s provisions, according to Tiwari, are well-aligned with the steel industry's needs, providing the necessary impetus for both production and technological advancements. He emphasized that the infrastructural focus will not only boost steel demand but also contribute to the broader economic development of the region.
Tiwari's optimistic outlook reflects the broader industry sentiment that the budget's infrastructure push and duty reductions will create a conducive environment for growth. He reiterated that the Bokaro Steel Plant is well-positioned to leverage these opportunities, furthering its expansion and contributing to the economic progress of the region.
The DIC BSL commended the government’s budgetary measures, stating that they provide a robust framework for the steel industry’s advancement. He affirmed that the Bokaro Steel Plant is ready to capitalize on these favorable conditions, driving forward its ambitious expansion plans and supporting the nation's infrastructure development goals.