INDIA STEEL SECTOR OPTIMISTIC AS MODI WINS ELECTION
May 9th, 2014
India’s steel industry is anticipating progress under the incoming Bharatiya Janata Party (BJP) government led by Narendra Modi, which it hopes will boost domestic steel demand and improve the supply of raw materials.“The entire investment cycle in the steel capacity has to be reinvigorated,” said Abhishek Poddar, partner at consultants AT Kearney India, “if the infrastructure span, real estate and automotive sectors improve, then the demand for steel itself will automatically go up.” He stressed the steel industry would also be strengthened if the BJP ...
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