As India accelerates its journey toward becoming a global hub for technology and manufacturing, the Union Budget 2026–27 has generated strong optimism across sectors. Presented by Hon’ble Finance Minister Nirmala Sitharaman, the Budget reflects a sharp focus on semiconductors, electronics, digital infrastructure, skilling, and sustainable growth. From ICT and consumer electronics to mobility and emerging technologies, industry leaders see this as a decisive push for innovation and self-reliance. Below are the comments of some of the industry leaders, shared exclusively with Mobility, capturing their perspectives on India’s next phase of economic transformation.
Mr. Rajesh Sethi, Group Chief Financial Officer, Lava International Ltd
The Union Budget 2026–27 reflects a continued focus on building India’s manufacturing strength and capabilities, with electronics positioned as a key pillar of economic growth. By fostering a supportive policy environment for domestic production and scale, the Budget lays the groundwork for sustained job creation, stronger industrial capabilities and deeper integration into global value chains. Over time, these measures can contribute meaningfully to India’s economic resilience and long-term competitiveness.”
Mr. Atul Vivek, CEO – Alcatel (NXTCell)
“The Union Budget 2026, presented by Hon’ble Union Finance Minister Nirmala Sitharaman, strongly reinforces India’s long-term ambition of emerging as a global hub for electronics manufacturing. The expansion of the India Semiconductor Mission 2.0 with an outlay of ₹40,000 crore, along with enhanced support for the Electronics Components Manufacturing Scheme, is a decisive step toward strengthening domestic value chains and reducing import dependence. At Alcatel, we believe this Budget is highly encouraging for manufacturers, as it creates a robust, future-ready ecosystem. These measures will accelerate investments, foster innovation, and provide a renewed momentum to manufacturing in India.”
Mr. Lalit Arora, Co-Founder, UBON
“As a homegrown consumer tech brand, we welcome the Union Budget 2026–27’s strong focus on simplifying customs and excise duties and correcting duty inversions. For companies like ours that are committed to Make in India, a clearer and more predictable tariff structure directly supports local manufacturing and long-term planning. Rationalising exemptions on products already being manufactured domestically is a positive step towards strengthening India’s electronics ecosystem and encouraging value addition within the country. The proposed ₹10,000 crore SME Growth Fund and liquidity support through TReDS are equally significant. Access to timely credit remains a critical challenge for MSMEs, especially those investing in manufacturing infrastructure, tooling, and skilled manpower. These measures can help small and mid-sized manufacturers scale operations with confidence. At UBON, we see this Budget as a step towards creating a more enabling environment for Indian consumer tech brands to innovate, manufacture locally, and compete globally.”
Mr. Rajesh Doshi Director and Co-Founder at Zebronics
“The Union Budget 2026 sends a strong and timely signal towards strengthening India’s electronics manufacturing backbone in line with the Viksit Bharat vision. The emphasis on empowering MSMEs, developing rare-earth and component supply corridors, and reinforcing core manufacturing capabilities will be crucial in building resilient domestic ecosystems. Equally important is the government’s intent to simplify taxation and improve ease of doing business, enabling manufacturers to deploy capital more efficiently toward growth and innovation. For Zebronics, this direction aligns seamlessly with our long-term commitment to local manufacturing and our readiness for the next phase of consumer electronics demand in India.”
Mr. Vishal Shukla, Co-Founder of Tessco Mobiles
“From an industry standpoint, Budget 2026 feels more like a continuation of a long-term roadmap rather than a sudden shift. The government appears focused on creating stability especially for manufacturers by encouraging local production and reducing unnecessary dependency on imports. For brands like ours, policy consistency is crucial it allows us to plan product development, sourcing, and expansion with greater confidence. For the mobile handset and accessories segment, the budget brings cautious optimism. Manufacturing costs may not drop overnight, but the intent to support domestic production will gradually make operations more efficient. This helps brands manage pricing better in a highly competitive and price-sensitive market. More importantly, it gives manufacturers confidence to plan for the long term instead of reacting to short-term uncertainty. The rationalisation of customs duties and import tariffs sends a clear message local manufacturing is being prioritised. Lower duties on essential components help Indian manufacturers stay competitive, while selective duties on finished imports protect domestic players. A stable GST structure also reduces confusion and allows businesses to focus more on growth than compliance. Budget 2026 opens doors for mobile accessory brands to invest in Indian manufacturing, improve product quality, and reach deeper markets across India. However, challenges remain cost management, technology upgrades, and fast-changing consumer expectations. Brands that stay agile, focus on value, and build trust with consumers will find strong growth opportunities ahead.”
Mr. Guneet Singh, COO, Portronics
“Budget 2026 signals a continued policy push toward strengthening India’s domestic manufacturing ecosystem while balancing affordability and innovation. The government’s focus on “Make in India,” supply-chain resilience, and value addition within the country is expected to influence the electronics and mobility ecosystem positively. The Budget’s emphasis on manufacturing incentives and rationalisation of duties is likely to ease cost pressures for brands investing in local assembly and sourcing. Over time, this can help stabilise consumer prices despite global volatility in component costs. For the accessories segment, improved access to locally manufactured components and streamlined compliance norms could enhance operational efficiency and scalability. The proposed changes in customs duties and import tariffs under Budget 2026 are expected to favour locally manufactured mobile devices and accessories by encouraging greater domestic value addition. Imported finished goods may face marginal cost pressures, potentially impacting pricing, while brands manufacturing or assembling in India benefit from improved cost efficiency, supply-chain stability, and faster market responsiveness. Stable GST rates provide predictability, enabling better pricing strategies and long-term planning. Overall, the policy framework nudges brands toward localisation, strengthens the domestic electronics ecosystem, and enhances the competitiveness of Indian-made products without compromising consumer choice. The headline act is the ₹40,000 crore boost to the Electronics Components Manufacturing Scheme (ECMS). It’s a clear signal: the government wants “Made in India” to mean more than just snapping plastic shells together. For brands, this is a massive opportunity to stop being traders and start being creators, tapping into subsidies to manufacture high-value components like PCBAs and lithium enclosures right here.”
“The Union Budget 2026 represents a meaningful step for India’s electronics manufacturing landscape, including the consumer durables sector, particularly through its emphasis on strengthening export competitiveness and improving the operating environment for exporters. Measures focused on duty rationalisation and cost efficiencies will help Indian manufacturers remain competitive in global markets while navigating ongoing supply-chain and pricing pressures. The launch of India Semiconductor Mission 2.0 with an outlay of ₹40,000 crore, along with the ₹10,000 crore Shakti initiative, is a longer-term play that strengthens India’s electronics ecosystem across the value chain. By focusing on equipment, materials, full-stack design and the development of Indian intellectual property, these initiatives build a strong foundation for future manufacturing growth. What is particularly encouraging is the emphasis on industry-led research, skilling and training. For manufacturers, this translates into greater confidence to invest in local capacity and long-term capabilities. Together, these measures have the potential to generate significant direct manufacturing employment, along with wider indirect opportunities across components, logistics and services. This alignment between capability-building, job creation and export enablement is essential if India is to scale domestic manufacturing while remaining closely integrated with global markets.”
Mr. Paresh Vij, Director, U&i
“The Union Budget 2026, presented by Hon’ble Union Finance Minister Nirmala Sitharaman, reinforces India’s long-term vision of becoming a global electronics manufacturing powerhouse. The expansion of the India Semiconductor Mission 2.0 with a ₹40,000-crore outlay, along with enhanced support for the Electronics Components Manufacturing Scheme, will significantly strengthen domestic value chains and reduce import dependence. These measures will enable faster innovation, better cost efficiencies, and improved supply-chain resilience for consumer electronics brands. At U&i, we see this as a decisive step towards empowering Indian manufacturers to compete globally while delivering high-quality, affordable products to consumers. The budget provides much-needed policy stability and confidence for sustained investments in manufacturing, technology, and talent.”
Ms. Nikita Kumawat, Co-Founder and Executive Director, Brandworks Technologies
“Union Budget 2026 marks a significant change in India’s electronics and semiconductor journey, shifting the focus from capacity creation to long-term capability development. The introduction of the Indian Semiconductor Mission 2.0 and the launch of the Shakti initiative, coupled with an enhanced financial outlay of Rs 40,000 crore, further strengthen the ecosystem and reflect the government’s commitment to building a future-ready ecosystem across equipment, materials, full-stack IP, and resilient supply chains.
The focus on domestic component manufacturing, R&D, and workforce upskilling is a critical step towards strengthening India’s position in the global electronics value chain. These measures will reduce import dependence and create the foundation for innovation-led, sustainable growth.
India’s next phase of progress will be driven by companies that integrate design, engineering, and advanced manufacturing at scale, for which Budget 2026 lays the groundwork. This transition reinforces India’s ambition to emerge as a global hub for electronics and semiconductor innovation.”
Mr. Amit Khatri, Co-founder, Noise
“The Union Budget 2026 sets a clear direction towards Viksit Bharat, anchored in inclusive growth, global competitiveness, and a strong push to accelerate India’s next phase of economic expansion. As a growing economy with expanding trade and capital needs, India’s continued integration with global markets through exports and long-term investment, combined with a strong focus on technology-led manufacturing, sends a decisive signal of intent to position the country as a global leader in electronics and innovation.
The scaling up of the electronics components manufacturing scheme to ₹40,000 crore further reinforces India’s ambition to emerge as a world-class hub for consumer electronics. For high-growth categories such as smart wearables and audio, this will help reduce supply-side dependencies, improve speed-to-market, and enable companies to design, innovate, and manufacture at scale within the country.
At Noise, we are already seeing the impact of this direction on the ground. With nearly 95% of our products made in India and growing PCB localisation, we have built an integrated design-to-manufacturing ecosystem that allows us to innovate and scale from India. The policy clarity and long-term commitment outlined in this budget will further strengthen our ability to deepen local value creation and build globally benchmarked consumer technology from India, for the world.”
Mr. Arijeet Talapatra, CEO of itel India & TECNO India
For itel India
“The Union Budget 2026 delivers a clear and reassuring message for brands investing in India’s electronics ecosystem, laying a strong framework towards establishing India as a global hub for manufacturing electronics. The increased outlay of the Electronics Component Manufacturing Scheme will help deepen localisation, strengthen the value chains, and improve the cost competitiveness of consumer electronics goods. The announcement of the India Semiconductor Mission 2.0 is a welcome move that will bolster India’s journey towards becoming Atmanirbhar – critical for ensuring uninterrupted access to crucial technologies.
The government’s focus on infrastructure development in Tier-2 and Tier-3 cities will further drive consumer-led growth by improving access, distribution efficiency, and last-mile connectivity. For itel, these initiatives resonate deeply with our commitment of democratizing access to durable, reliable, and affordable technology – empowering millions of consumers across Bharat.”
For TECNO India
“This budget reinforces India’s shift from scale to substance in electronics manufacturing. As the country deepens its semiconductor and electronics capabilities, it opens the door to large-scale, future-ready employment, especially for young engineers, technicians and skilled workers who will drive the next phase of growth.
The focus on semiconductors, advanced manufacturing and stronger supply chains gives the smartphone industry exactly what it needs to build long-term value, not just volume. At TECNO, we see Semiconductor Mission 2.0 as a long-term enabler for affordable innovation and our commitment to Make in India is for the long run. These measures create the right foundation for us to localise deeper, innovate faster, and design technology that is truly made for Indian users to lead globally.”
Mr. Anku Jain, Managing Director, MediaTek India
“The expansion of India Semiconductor Mission through ISM 2.0 in Budget 2026 is a strong step towards building India as a global semiconductor hub. By prioritizing the development of full-stack Indian IP and domestic equipment manufacturing with continued policy support, the government is fostering an environment to boost innovation and design, strengthening India’s competitiveness by supporting scale, speed and just-in-time manufacturing.”
Mr. Ravi Agarwal, Co-Founder and Managing Director, Cellecor
“The Union Budget 2026 reflects a steady and constructive approach toward strengthening India’s consumer electronics and technology manufacturing ecosystem. The near doubling of the Electronics Components Manufacturing Scheme outlay from ₹22,919 crore to ₹40,000 crore is a meaningful step toward building a stronger domestic component supply chain. Alongside the expansion of the India Semiconductor Mission (ISM) 2.0 into a broader, full-stack programme covering materials, equipment, design, and R&D, this signals strong momentum toward positioning India higher on the global electronics value chain.
The parallel focus on employment generation and large-scale skilling in electronics manufacturing and emerging technologies will help create a future-ready workforce across factories, assembly lines, and service ecosystems.
Overall, the Budget creates a supportive environment for consumer electronics brands to invest with confidence. We look forward to contributing to this growth journey through innovation, localisation, and product development.”
Mr. Pankaj Rana, CEO, Hisense India
“The Union Budget 2026 outlines a forward-looking technology roadmap that strengthens India’s position as a global electronics and innovation hub. The sustained focus on semiconductor manufacturing, electronics components, and AI-led innovation reflects a strong policy commitment to building a resilient domestic ecosystem. Initiatives like India Semiconductor Mission 2.0 and the enhanced outlay for electronics manufacturing are expected to deepen local value creation and strengthen supply chains. For the consumer electronics industry, this creates a stable, growth-oriented environment that encourages long-term investments, innovation, and localisation.”
Mr. Ashok Rajpal -Managing Director – Ambrane India
“Budget 2026 reinforces the government’s focus on strengthening India’s electronics manufacturing ecosystem. The continued push under ISM 2.0, together with the increased outlay for the Electronics Components Manufacturing Scheme and the reduction in duties on batteries, provides a more supportive environment for domestic powerbank and electronics manufacturers to scale operations and invest in innovation. These measures can facilitate faster capacity expansion, enhanced product development, and stronger integration into local value chains, reflecting the Finance Minister’s emphasis on self-reliance as a guiding principle for building domestic manufacturing capabilities and reducing import dependence.”
Mr. Imran Kagalwala, Co – Founder of Unix India
“The Budget takes a constructive approach by continuing its focus on MSME support, electronics manufacturing, and greater self-reliance through domestic components production. The announcement of the Electronic Components Manufacturing Scheme signals a sustained effort to strengthen local manufacturing capabilities and reduce import dependence.
In addition, the ₹10,000 crore MSME Growth Fund aimed at developing Champion MSMEs helps address the long-standing need for patient equity capital, allowing companies to scale in a more balanced manner. The ₹2,000 crore top-up to the Self-Reliant India Fund further supports the availability of long-term risk capital, contributing to a more stable environment for innovation and growth. Collectively, these initiatives help strengthen the foundation for sustainable growth in India’s electronics manufacturing ecosystem.”
Mr Varin Agarwal, Chief Snapper, SnapUp
“The Union Budget 2026 reinforces India’s long-term vision of becoming a globally competitive manufacturing and consumption hub. For consumer electronics brands like SnapUp, the Budget emphasizes stability, policy continuity, and structural strengthening rather than abrupt changes. Its focus on tariff rationalisation, correction of duty inversions, and simplified customs procedures directly addresses long-standing industry challenges.
By aligning component and finished goods duties and promoting domestic value addition, the Budget creates a more predictable operating environment. Improved customs efficiency and stable GST structures further help brands manage costs, avoid frequent repricing, and strengthen channel confidence. These measures are especially important in highly price-sensitive categories such as mobile accessories, wearables, and TWS products.
While Budget 2026 may not bring immediate price reductions, it ensures long-term pricing sustainability, margin protection, and improved profitability. Lower cost volatility allows brands to plan better, accelerate product refresh cycles, and invest in design, quality, and innovation.
The continued emphasis on Make in India and Atmanirbhar Bharat, supported by infrastructure development and skill initiatives, strengthens the manufacturing ecosystem. Overall, Budget 2026 provides a stable growth runway. Brands that focus on localisation, operational efficiency, and product differentiation will be best positioned to benefit in India’s fast-growing consumer electronics market.”
Mr. Tushar Tekriwal, MD, Startron
“The Union Budget 2026 marks an important step in strengthening India’s position as a global electronics manufacturing hub. Rather than focusing on short-term announcements, the Budget emphasizes long-term structural reforms such as cost efficiency, policy stability, and ecosystem development, which are crucial for manufacturing-led companies like Startron.
A key highlight is the focus on tariff rationalisation and correction of inverted duty structures. By aligning duties on components, sub-assemblies, and finished goods, the government is making domestic manufacturing commercially viable and globally competitive. This creates a more level playing field between locally manufactured products and imports, encouraging higher domestic value addition.
The continued emphasis on Make in India, supported by improved customs digitisation, faster clearances, infrastructure investment, and skill development, further strengthens the manufacturing ecosystem. These enablers often have a greater long-term impact than standalone incentives.
Stability in GST and indirect taxation adds to operational predictability, reduces compliance challenges, and improves supply-chain efficiency. Overall, Budget 2026 provides manufacturers with a stable planning horizon, enabling investments in capacity expansion, automation, and quality systems.
By prioritising consistency, competitiveness, and efficiency, the Budget lays a strong foundation for sustainable growth and long-term value creation in India’s electronics manufacturing sector.”
Mr. Ritesh Goenka, Managing Director, Damson Technologies
“The Union Budget 2026, presented by Hon’ble Union Finance Minister Nirmala Sitharaman, sends a strong and reassuring signal to India’s manufacturing and electronics ecosystem. The expansion of the India Semiconductor Mission 2.0, with a substantial ₹40,000-crore outlay, along with enhanced support for the Electronics Components Manufacturing Scheme, clearly affirms the government’s commitment to building deep, resilient supply chains and strengthening indigenous IP capabilities in high-tech sectors. This focused push on scale, technology-led growth and supply-chain resilience will accelerate India’s emergence as a globally trusted manufacturing hub. At Damson Technologies and JUST CORSECA, we appreciate the government’s sustained commitment to ‘Make in India’ and ‘Atmanirbhar Bharat’, which provides long-term policy clarity and confidence for investments in advanced manufacturing, innovation and talent.”
Mr. Madhav Sheth, CEO, Ai+ Smartphones and Founder of NxtQuantum Shift Technologies
“Budget 2026–27 is a decisive signal that India is now playing for depth, not just scale, in electronics—doubling the push on ECMS, expanding electronics PLI to ₹40,000 crore, and rolling out Semiconductor Mission 2.0 across equipment, materials, supply chains and Indian IP. This is how we move from being an assembly base to building a resilient, high-value, India-led ecosystem—de-risking investments in components like display assemblies, camera modules and advanced PCBA, strengthening capital-goods capability through high-tech tool rooms, and cutting import dependence while boosting export competitiveness. For Ai+ Smartphone and NxtQuantum, it creates the runway to deliver on our core belief—’Made in India’ must mean ‘Designed in India’—by building software-first, India-governed products and a trusted device ecosystem anchored in Indian-owned IP and stronger local manufacturing depth.”
Mr. Arjun Bajaj, Director – Videotex
“The Budget is a positive step for the consumer electronics industry, with the introduction of ISM 2.0 and a significant increase in the outlay for the Electronics Components Manufacturing Scheme to ₹40,000 crore, along with support for the rare earth permanent magnet ecosystem. These measures are expected to strengthen the sector over the long term. Overall, the Budget’s emphasis on skill development, domestic manufacturing, and infrastructure lays a strong foundation for innovation and long-term competitiveness across the electronics ecosystem.”
Mr. Hemant Tiwari, Managing Director – India & SAARC, Hitachi Vantara
“The Union Budget 2026-27 is a significant step in strengthening India’s digital and data infrastructure. By providing long-term incentives and a clear safe harbour framework for data centres and cloud services, the government is creating an ecosystem that encourages global investment and drives technological innovation. These measures will accelerate the growth of world-class data centres, enable secure and efficient cloud operations, and foster the adoption of emerging technologies such as AI. By supporting infrastructure development across Tier 2 and Tier 3 cities and facilitating a robust digital services ecosystem, the budget positions India to become a global hub for data, cloud, and IT services, while creating new opportunities for talent and sustainable economic growth.”
Mr. Sunil Mathur, MD and CEO, Siemens Limited
“We welcome the government’s consistent focus on long-term economic growth and structural transformation in the Union Budget 2026-27. The record INR 12.2 lakh crore capital expenditure allocation, sustained emphasis on infrastructure development, and a fiscal deficit target of around 4.3% reflect a continued and disciplined approach to strengthening India’s growth foundations.
The budget’s focus on technology-led manufacturing, digital infrastructure such as data centers, and next-generation mobility including high-speed rail supports India’s ambition to become a global innovation and manufacturing hub. Continued support for MSMEs, skilling, and ease of doing business will be critical in ensuring that growth is broad-based and resilient. As industries navigate rapid technological change, the government’s spotlight on scale, execution, and investments in connectivity, smart infrastructure, and talent development provides a clear and credible roadmap for sustainable and inclusive growth.”
Mr. Mukundan Menon, MD, Voltas Ltd.
“The Union Budget 2026–27 reflects a confident and future‑ready macroeconomic vision, firmly aligned with India’s Viksit Bharat aspirations. By combining strong fiscal discipline with a record public capital expenditure outlay of ₹12.2 lakh crore, the government has reinforced the foundation for inclusive, broad‑based, and durable growth.
The Budget’s strategic push on manufacturing and technology is especially significant for the consumer durables sector. Initiatives such as the India Semiconductor Mission 2.0 and the enhanced ₹40,000 crore outlay for electronics component manufacturing will meaningfully deepen domestic value addition. These measures not only improve affordability for consumers but also elevate India’s competitiveness in global value chains.
Equally important is the Budget’s sustained emphasis on urban infrastructure development. Investments in modern transit systems, housing, and smart city capabilities create a multiplier effect, boosting jobs, strengthening income visibility, and expanding the addressable market for technology-driven, energy-efficient appliances.
The introduction of the New Income Tax Act and the Government’s focused efforts on easing compliance are timely reforms that will enhance household confidence. As disposable incomes rise and purchasing power strengthens, we expect a positive impact on discretionary consumption across categories.
Overall, this Budget strengthens a constructive growth cycle, enhanced investments will translate into more robust incomes, which in turn will drive demand for Make in India, energy-efficient, and smart consumer technologies. It sets the stage for sustained momentum in domestic manufacturing and positions India strongly for the next phase of transformation.”
Mr. Saif Khan, Managing Director & Chief Executive Officer at BSH Home Appliances
“The Union Budget 2026 is a forward-looking roadmap that balances fiscal discipline with a clear focus on growth, employment generation, and economic transformation. By boosting industrial efficiency, accelerating adoption of advanced technologies, and robust infrastructure development, the reforms strengthen India’s competitiveness as a manufacturing hub and reinforce the ‘Make in India’ agenda. The strategic focus on MSMEs and Tier II and Tier III cities, coupled with enhanced regional connectivity, will not only broaden consumer access but also accelerate premiumisation drive in emerging markets. Investments in dedicated freight corridors and inland waterways will further strengthen supply chains, improving the reach and availability of high-quality products across the country.
We welcome Government’s emphasis on linking education, skills, and employment through market-aligned programmes, addressing skill gaps and preparing the workforce for the future. The proposed tax holiday until 2047 for foreign cloud service providers operating from Indian data centres is a landmark move, reinforcing India’s positioning as a global hub for technology, innovation, and GCC operations. The focus on expanding digital infrastructure, ease of doing business and linking skill development with employment, the budget lays the groundwork for sustainable industrial and consumer growth. These measures are likely to strengthen domestic manufacturing, improve supply chains, and support the evolving demand for premium, technology-enabled products, creating a meaningful boost for both businesses and consumers.”
Mr. Raman Bhatia, Managing Director, Servotech Renewable Power System Ltd.
“The Union Budget 2026 sends a powerful signal that India is ready to lead the global energy transition. The extension of customs duty exemptions on capital goods for Lithium-Ion cell manufacturing is a game-changer. For an industry-player like Servotech, which has just ventured into the Electric 3-Wheeler battery segment, this move significantly lowers the cost of scaling up and allows us to innovate faster. It effectively strengthens the domestic value chain, making ‘Make in India’ batteries more competitive on a global scale.
In tandem, the India Semiconductor Mission 2.0 and the ₹40,000 crore outlay for electronics manufacturing will build the necessary resilience in our supply chains. This is critical for the advanced electronics that power our EV chargers and energy systems. Furthermore, the ₹10,000 crore SME Growth Fund is a visionary step that will empower enterprises to scale from domestic leaders to global champions.
I am particularly excited by the government’s focus on Purvodaya. The development of five tourism destinations in the Eastern states, supported by the deployment of 4,000 electric buses, creates a massive opportunity for sustainable transit. This is where micro-mobility and public transport will converge to drive regional growth.
Finally, the proposal of ₹20,000 crore for Carbon Capture, Utilisation, and Storage (CCUS) over the next five years, alongside the deep push for AI integration, validates our direction at Servotech. We are already automating our processes and integrating AI into our energy solutions. This budget doesn’t just provide funds; it provides a roadmap for a smarter, greener, and digitally-advanced India.”
Mr. Rajesh Mehra, Promoter & Director, Jaquar Group
“Union Budget 2026–27 clearly reinforces the Government’s long-term commitment to strengthening India’s manufacturing-led growth model, with Atmanirbharta firmly positioned as the guiding North Star of economic policy. The focused push to scale manufacturing across seven strategic and frontier sectors, combined with sustained investments in industrial corridors, logistics efficiency, and workforce upskilling, will deepen domestic value creation and enhance productivity across the industrial ecosystem.
As India advances towards Viksit Bharat, the Budget takes a decisive step in promoting design-led, technology-driven and value-added manufacturing, while pragmatically acknowledging the need for deep integration with global supply chains. For manufacturing-intensive sectors such as bath and lighting, where precision, quality, sustainability and scale are critical, the focus on technology adoption and the development of Tier 2 and Tier 3 cities as integrated manufacturing hubs will unlock fresh demand, create skilled employment, and drive regional industrialisation,”
Mr. Nischal C, Head of Corporate Communications, QNET India region
“The Union Budget announced by the Hon’ble Finance Minister is reform-oriented, introducing measures to empower entrepreneurs and strengthen the business ecosystem. The launch of ‘She Marts’ for women entrepreneurs will provide community-owned retail outlets, enabling women to expand their businesses at the grassroots level.
Additionally, simplification of tax compliance will ease operational challenges for small business owners and distributors, allowing them to focus more on growth. Improvements in digital infrastructure and payments will enhance online connectivity and transaction efficiency, supporting businesses that rely heavily on digital platforms.
These measures will encourage innovation, improve access to resources, and reinforce sustainable growth opportunities for entrepreneurs across sectors.”
Mr. Manpreet Singh Ahuja, Chief Clients Officer and TMT Leader, PwC India
“For telecom and connectivity-led businesses, the direction is clear: capital efficiency improves when regulation simplifies, supply chains strengthen, and domestic electronics capacity expands. ISM 2.0 and the expanded Electronics Components Manufacturing Scheme could reinforce the device-to-network stack, and create a stronger backbone for the next-generation enterprise and consumer use cases.”
Mr. Abhilash Maurya, co-founder and CEO at Naxatra
“The Union Budget 2026 lays out a strong roadmap for India’s high-tech manufacturing and EV ecosystem, reinforcing the vision of a self-reliant industrial economy. The increased outlay for electronics manufacturing to ₹40,000 crore and the launch of India Semiconductor Mission 2.0 will strengthen domestic production of critical components and materials, supporting the entire semiconductor and electronics value chain. These initiatives are particularly important for next-generation EV motors, industrial machinery, and advanced electronics.
The announcement of dedicated rare earth corridors in states such as Odisha, Andhra Pradesh, Tamil Nadu, and Kerala will ensure a steady domestic supply of rare earth elements and permanent magnets—key inputs for high-performance EV motors, generators, sensors, and traction systems. This will significantly enhance India’s ability to produce technology-intensive products locally.
Coupled with the increase in public capital expenditure to ₹12.2 lakh crore and the ₹10,000 crore SME Growth Fund, the budget provides critical support for infrastructure development, technology-linked manufacturing, and industrial innovation. These measures also improve the ease of doing business and foster a more enabling environment for SMEs and startups.
Overall, Budget 2026 strengthens India’s industrial and clean mobility ecosystem, creating the foundation for innovation, scalable manufacturing, and long-term, self-reliant growth in the EV and advanced manufacturing sectors.”
Mr. Kailas Patil, Senior Director, Palladium India
“The Union Budget 2026 marks a watershed moment where road safety is no longer a peripheral concern but a core engineering mandate. With the Ministry’s allocation reaching ₹2.90 lakh crore, our focus is pivoting from ‘pavement to prevention.’
By leveraging the newly allocated 30 GHz radio frequency for V2V communication and integrating AI-based crash prediction models into our National Highways, we are moving toward a proactive ‘zero-harm’ ecosystem.
Furthermore, the deployment of 4,000 new e-buses under the expanded PM e-Bus Sewa highlights our commitment to making public transit not just green, but the safest and most reliable choice for every Indian citizen.
This is the era of ‘Sadak Suraksha, Jeevan Raksha’—where technology meets accountability on every kilometer we build.”
Mr. Sunil Bharti Mittal, Founder & Chairman, Bharti Enterprises
“A bold Budget that combines growth with inclusion. The strong emphasis on skilling, alongside sustained investments in science, innovation, and research are timely & will strengthen domestic capabilities, advancing import substitution in critical sectors.
Bolstering infrastructure and logistics, with a focus on energy efficiency and impetus for the data centre ecosystem, will further reinforce confidence in our burgeoning digital economy.
Bharti remains highly committed to play its part in enabling technology-led growth, expanding financial inclusion, and accelerating future-ready education through Bharti Airtel Foundation to secure India’s talent dividend.”
Mr. Manoj Kumar Singh, Director General of the Digital Infrastructure Providers Association (DIPA)
“Union Budget 2026 delivers a transformative vision for India’s digital future. The tax holiday until 2047 for cloud providers leveraging Indian data centers is bold policy-making that positions us as a global hub while advancing our $3 trillion digital economy ambition.
What’s truly significant is recognizing digital infrastructure as the great enabler. Robust telecom networks and data centers don’t serve one sector—they power fintech innovations, telemedicine reaching villages, smart manufacturing, AI research, and digital governance. When we strengthen this foundation, we catalyze growth across every economic horizon.
The Rs 10,000 crore SME Growth Fund and Rs 2,000 crore top-up for the Self-Reliant India Fund are the game-changers. Digital infrastructure deployment relies heavily on SMEs and micro enterprises—from tower installation to network maintenance, from fiber laying to equipment manufacturing. These funds will help scale high-potential firms while keeping smaller players viable, creating a resilient supply chain.
The sustainability measures—exempting customs duty on battery storage and solar glass—demonstrate foresight and powering EV. We’re building infrastructure that serves both Viksit Bharat 2047 and Net Zero 2070 commitments. Green data centers and energy-efficient networks define our future.
The mandatory Indian reseller framework ensures technology transfer and capability building. This Budget validates that strengthening our digital backbone enables India’s transformation into a digitally empowered, economically vibrant, and environmentally responsible nation.”
Mr. Abhishek Garg, Director, DBG Technology Pvt. Ltd
“Union Budget 2026 further strengthens the foundation for the Government’s enhanced capital expenditure and progressive industry-focused schemes — particularly the expansion of the India Semiconductor Mission 2.0 with a significant outlay — signal a transformative push for electronics, semiconductors and high-value tech manufacturing. The emphasis on electronics components manufacturing, skills development and strategic investment incentives is a decisive step toward reducing import dependence and scaling indigenous capabilities. We are encouraged by this forward-looking policy framework that aligns with our commitment to innovation, ‘Make in India’, and empowering the Indian technology ecosystem. We believe the budget focuses on accelerating growth for the industry but will also help in strengthening India’s position in the global technology landscape, inspiring confidence for long-term investment, job creation, and sustained competitiveness.”
Mr. Tadashi Chiba, MD & CEO, Panasonic India
“The Government’s consistent focus on infrastructure continues to be central to India’s growth agenda. The Union Budget 2026–27, with capital expenditure increased to ₹12.2 lakh crore, reaffirms infrastructure as the backbone of India’s economic expansion. This sustained push will directly support the scaling of Panasonic’s advanced B2B solutions and offerings, which are integral to large-scale infrastructure development. The continued focus on strengthening India’s manufacturing ecosystem through ECMS and the exemption of basic customs duty on select electrical appliances, including microwaves, is a timely measure that will improve cost efficiencies, encourage domestic value creation, and boost market adoption.
The emphasis on the strategic deployment of cutting-edge technologies, including AI, to improve governance and productivity, will lay a strong foundation for inclusive, sustainable, and people-centric growth in India.”
Mr. Anand Dubey, CEO, Indkal Technologies
“The Union Budget 2026-27 is a definitive statement of intent that pivots the Indian electronics sector from assembly to deep-value creation. By significantly enhancing the outlay for the Electronics Components Manufacturing Scheme to ₹40,000 crore and launching the India Semiconductor Mission (ISM) 2.0 with a focus on equipment and materials, the government has addressed the most critical need of the hour: securing the upstream supply chain.
For the consumer durables industry, the specific duty exemptions on key components for appliances like microwave ovens and the introduction of safe harbour provisions for component warehousing will drastically improve operational efficiencies and just-in-time manufacturing. These structural reforms are not just about ‘Make in India’ anymore; they are about empowering homegrown brands to design, engineer, and manufacture products that command respect on the global stage. We are now looking at a decade where Indian brands will not just meet global standards but set them.”
“We applaud the Union Budget 2026–2027, which is driven by initiatives to support MSME growth and focuses on developing Atmanirbharta, Viksit Bharat, and India’s manufacturing environment. With skill development firmly at the top of the national agenda, the focus on industry-aligned skills and an Education to Employment approach is both relevant and essential. Budget 2026 marks the moment when India moves from being a consumer of global brands to a creator of them powered by Swadesi vision. The Finance Minister’s focus on the four priority groups — garib, mahilayen, yuva and annadata — rightly places women at the centre of India’s growth narrative. The Budget’s focus on adventure tourism will further boost local economies through eco-tourism and offer world-class trekking and hiking experiences.”
In a Nutshell
Union Budget 2026–27 has been widely welcomed by industry leaders as a transformative blueprint for India’s technology and manufacturing future. With a strong focus on semiconductors, electronics components, digital infrastructure, skilling, and sustainability, the Budget strengthens domestic value chains and boosts global competitiveness. Enhanced support for MSMEs, innovation, and localisation encourages long-term investments and job creation. Together, these measures reinforce India’s journey toward becoming a self-reliant, future-ready, and globally respected hub for technology, mobility, and advanced manufacturing.
Covered By: Mobility India / Union Budget
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