Welcoming the Union Budget 2026–27, Lalit Beriwala, Managing Director of Shyam Steel Group, said the Budget lays a strong foundation for a more connected, technologically empowered and inclusive India, aligned with Prime Minister Narendra Modi’s vision of Vikshit Bharat by 2047. Reacting to the Budget presented by Finance Minister Nirmala Sitharaman, Beriwala highlighted the continued thrust on capital expenditure, which has been raised to 9 per cent, with public capex increased to ₹12.2 trillion for 2026–27. He said focused investments in railway network expansion, express highway connectivity and construction-led growth would significantly strengthen India’s infrastructure backbone and create sustained demand for quality steel, boosting overall industrial activity.
He further noted that infrastructure development proposals for tier II and tier III cities would accelerate growth across the steel, cement and other building material sectors, while generating large-scale employment opportunities in urban and semi-urban areas. Beriwala also welcomed the emphasis on waterways development, the announcement of seven additional Dedicated Freight Corridors, eco-friendly passenger corridors, semiconductor corridors, chemical parks, rare earth corridors and textile parks, saying these initiatives would support long-term economic growth.
Highlighting the government’s focus on Artificial Intelligence–driven tools and skill-to-employment frameworks, he said the steel industry would benefit from smarter processes, improved productivity and enhanced operational efficiency. He also lauded continued support for women-led enterprises, terming the Budget growth-oriented, progressive, business-friendly and pragmatic.