Not only would a focus on infrastructure aid the demand for steel, it would also help reduce logistics costs. TV Narendran also hopes that the government will focus on ease of doing business in Budget 2024.
Peter Körte, Chief Technology and Strategy Officer, Siemens AG, and Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd, spoke to Moneycontrol at the Siemens India Innovation Day 2023
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"We didnt want to build a hydropower project from scratch because construction is difficult, it takes time and there are cost escalation issues. So we decided to start with something which is not that large and is relatively manageable," said Sumant Sinha.