Shyam Steel Group Applauds the 2026–2027 West Bengal Budget

News Desk, News Nation 360: The West Bengal Budget 2026–2027, which was presented by Finance Minister Dr Swapan Dasgupta, has received high praise from Shyam Steel Group Director Shri Lalit Beriwala, who calls it the best budget ever given in the state's post-independence history and a clear departure from previous economic strategies. Beriwala pointed out that the progressive policy will significantly expedite new manufacturing investments and establish West Bengal as a premier business hub, highlighting a historic, first-of-its-kind Rs. 5,000 crore allocation devoted solely to industrial incentives. The state's historic decision to re-examine the restrictive Urban Land (Ceiling & Regulation) Act, 1976 and the proposal to fully do away with secondary clearance requirements at the Panchayat level for projects valued up to Rs. 100 crore were two significant regulatory changes that the steel major enthusiastically welcomed in an effort to improve the local ease of doing business. The group also stressed that the budget's massive, multi-sector infrastructure push, which includes deep-sea ports, shipyards, bridges, elevated corridors, rural housing, and new medical colleges, will create a long-term, exponential domestic demand for steel, cement, and essential building materials. Beriwala concluded that the budget perfectly aligns with the national "Viksit Bharat 2047" roadmap, effectively laying down the structural foundation to transform the region into a highly industrialised, economically vibrant "Viksit Bangla," reiterating Shyam Steel's corporate commitment to supporting this regulatory revival.

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