Union Budget 2023-2024 Reaction: Mr. Arun Misra, CEO, Hindustan Zinc

2 Feb 2023 , 02:32 AM

The green-growth oriented Budget 2023 reflects resilience and a high probability of emerging as a USD 5 trillion economy, while keeping net zero and Sustainable Development Goals (SDG) commitment at the core. The importance of green technology, green farming, green equipment and allied green services in the budget which will propel India’s journey to be net zero by 2070. 

With the focus on “Green Growth” strategy, the demand for zinc as a metal of sustainability will rise given its varied applications. Overall, this budget can actualize vision of Lifestyle for Environment and take it to the masses, positioning India to inspire the world with a roadmap of how a large developing economy can be resource and carbon efficient. With the rise in demand of galvanized steel in infrastructure projects for first & last-mile connectivity the demand for zinc is likely to rise as a consequence. India is on the verge of a clean energy shift which will propel the demand of metal for achieving the sustainability vision.