Budget 2012: Mining policies to be re-looked; infrastructure spending should go up: Tata Steel  

Tata
Steel's managing director H M Nerurkar thinks that its high time for the
Government to take necessary steps for the growth of steel industry which was
hampered due to economic slowdown and make sure that the infrastructure
projects start up soon. Steel sector's priority includes easy availability of
raw materials and quicker policy making from the FM this year.            

 

“As
a steel company or as an industry we would expect projects that have been
announced for infrastructure, must actually be on the ground. That is the only
thing that will stimulate steel demand and growth in the country,” said H M
Nerurkar.

 

He also
stated that the policies regarding mining sector should be relooked and the
investments in infrastructure should go up. 

 

Tata
Steel wants the government to clear out mines allotment and mines leases issues
which in future would allow it to emerge as a mines and metals powerhouse.


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