“The Modi government’s focus on domestic capital procurement with an allocation of ₹1.05 lakh Crore is a clear endorsement of Atmanirbhar Bharat and will create significant opportunities for the steel sector, especially specialized steel, which will immensely contribute to India’s growing defence capabilities.”
The substantial increase in defence capital outlay to Rs 1.72 lakh crore is a major boost for the Indian steel industry. The Modi government’s focus on domestic capital procurement with an allocation of ₹1.05 lakh Crore is a clear endorsement of Atmanirbhar Bharat and will create significant opportunities for the steel sector, especially specialized steel, which will immensely contribute to India’s growing defence capabilities. Goodluck India Ltd is a major specialized steel sector player with a strong focus on defence equipment production.
By M.C. Garg, Chairman & MD, Goodluck India Ltd
