“The upcoming Union Budget presents an important opportunity to further strengthen the operating environment for India’s manufacturing sector. Sustainable growth for Indian manufacturers will come from a stronger Make in India push, world-class manufacturing standards, and rapid technology adoption. Encouraging indigenous manufacturing of components and machinery would further deepen local value creation, reduce import dependence, and build long-term resilience across the manufacturing ecosystem. From an industry perspective, targeted support for capital investment, soft and stable interest rate regime, and an undisrupted supply chain, and skill development, along with policies that reduce compliance complexity and enhance ease of doing business, would meaningfully improve operational efficiency, drive innovation, and strengthen India’s global competitiveness witha better ESG footprint.”
Pre Union Budget 2026: Expectation Quote by Ayan Banerjee, Whole Time Director, TIL Limited
