Union Budget 2022-23 is vision-oriented, a blueprint for Amrit Kaal, says AM/NS India CEO Dilip Oommen
BY A K SAHOO
Bhubaneswar, Feb. 1: Mr Dilip Oommen, President, Indian Steel Association; and CEO, AM/NS India, on Tuesday described the Union Budget 2022-23 as a visionary document and said it laid a blueprint for ‘Amrit Kaal.’
“It’s a visionary Budget that lays a blueprint for ‘Amrit Kaal,’ supported by PM Gati Shakti Mission with multi-modal approach to boost transport and logistics. A significant increase of 35.4 per cent in capital expenditure to Rs 7.50 lakh crore will also have a multiplier effect and provide impetus to drive growth, thus helping in steel demand creation,” said Mr Oommen.
“Increase in the domestic capital procurement budget for the Armed Forces’ equipment is yet another right step towards realising the Atmanirbhar Bharat mission. Focus on sustainability that emphasises on socio-economic development along with the circular economy is a positive move,” he added.
