Director of Shyam Steel Industries Ltd. Lalit Beriwala Praises Union Budget 2024-25: Key Announcements on Steel and Copper Sector
Kolkata, 23rd July, 2024: Lalit Beriwala, a prominent figure in the steel and metals industry, commends the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman. True to the tradition of growth-driven and inclusive budgeting, this Budget stands out for its focus on four key areas: Annadata (Farmers), Garib (Poor), Yuva (Youth), and Mahilayen (Women). By advancing employment generation, skill enhancement, MSME growth, and middle-class economic strength, it sets a clear path toward inclusive economic progress.
The substantial allocation of Rs. 11,11,111 crore for infrastructure, along with Rs. 1.5 lakh crore in long-term interest-free loans to states, will invigorate key sectors such as steel, cement, and real estate, fostering job creation and sustained growth. The launch of Phase IV of PMGSY, investment in flood management and irrigation projects, and support for tourism development highlight the Budget’s commitment to both rural and urban advancement.
Additionally, the emphasis on innovative urban initiatives, support for tribal communities through the Pradhan Mantri Janajattiya Unnat Gram Abhiyan, and enhancements in MSME credit and tax structures reflect a forward-thinking approach to national development.
Lalit Beriwala is a prominent figure in the Indian steel industry, serving as the Director of Shyam Steel Industries Ltd. Shyam Steel, established in 1953, is one of the leading manufacturers of TMT bars in India. The company has a strong presence in the infrastructure sector, supplying high-quality steel products to various segments such as Indian Railways, Defence, and major construction projects.
