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Increased capital expenditure, provisions for industrial clusters, and focus on MSMEs in the FY27 budget are expected to strengthen economic activities and support steel demand, steel industry players said on Monday. Presenting the annual Budget for the next financial year on Sunday, Finance Minister Nirmala Sitharaman announced a series of measures covering infrastructure, renewables, logistics and the MSME sector. Sharing his views with PTI, Naveen Jindal, President of the Indian Steel Association, said that a 22.2 per cent effective increase in capital expenditure, focus on freight corridors and inland waterways, and the Rs 10,000-crore container manufacturing scheme are expected to strengthen infrastructure activity, improve trade logistics and support steel demand. Dilip Oommen, CEO of AMNS India, said the steps to strengthen project financing, revive industrial clusters and expand infrastructure in Tier-II and Tier-III cities will boost domestic manufacturing and enhance ...
The Indian tyre industry stands to gain from the government's steps to enhance spending on infrastructure announced in the Union Budget 2026-27, Automotive Tyre Manufacturers Association (ATMA) said on Monday. The tyre sector is closely linked to the performance of the transport and infrastructure ecosystem and the substantial increase in public capital expenditure to Rs 12.2 lakh crore is a significant positive for long-term demand growth, ATMA said in a statement. The higher capex allocation underscores the government's ongoing push to build future-ready infrastructure across the country, particularly roads, rail connectivity, urban mobility networks and logistics corridors , which are critical drivers of tyre demand across all vehicle segments, it added. "The tyre industry's growth is intrinsically linked to the pace of infrastructure expansion in the country. The government's focus on elevating public capex reinforces demand momentum for tyres across both passenger and commercia
Union Budget for 2026-27 places infrastructure at the heart of India's journey towards Viksit Bharat2047, Union Road Transport and Highways Minister Nitin Gadkari said on Sunday. Finance Minister Nirmala Sitharaman on Sunday presented the Union Budget 2026-27 in the Lok Sabha. "With a clear focus on connectivity, manufacturing depth, and regional balance, the Budget outlines a decisive push to build world-class, future-ready infrastructure," Gadkari said in a social media post on X. He said initiatives announced in the Budget reflect a clear vision: infrastructure not just as physical assets, but as an enabler of resilience, opportunity, and global competitiveness. The minister also said the Budget for 2026-27 outlines a decisive roadmap centred on farmers, youth, and MSMEs, strengthening the foundations of inclusive growth, innovation, and capital investment as India progresses towards.