Kolkata, Feb 2 (UNI) EEPC India has described the Union Budget 2025-26 as bold, inclusive and growth-oriented.
“The Budget has continued its focus on infrastructure building and has pegged a capital expenditure of Rs 11.21 lakh crore in 2025-26. The higher public spending is set to further invigorate private-sector investment,” EEPC India chairman Pankaj Chadha said in a statement.
For the engineering exports sector, the introduction of the Export Promotion Mission and BharatTradeNet will reduce compliance burdens and improve logistics efficiency, benefiting exporters.
Support for MSMEs, credit guarantee expansion, and customs duty reforms on critical materials, including EV production, are also positive steps that will lower input costs and enhance cost competitiveness.
However, some concerns remain particularly the absence of an update on the Interest Equalisation Scheme, which continues to hinder export credit affordability. The lack of targeted financial support for export promotion activities and ongoing challenges with high logistics costs and non-tariff barriers in key markets need to be addressed, Chadha maintained.
Various segments of the engineering goods sector stand to benefit from the Budget given that schemes, incentives, and trade facilitation measures have been announced to make India a global manufacturing powerhouse.
A new manufacturing mission under the Make in India initiative will support small, medium, and large industries through comprehensive policy backing and a detailed framework. The mission aims to create an ecosystem for solar PV cells, electrolysers, and grid-scale batteries.
Significantly, the government has decided to enhance the investment and turnover limits for MSMEs, increasing them by 2.5 times and 2 times, respectively. This move is expected to empower MSMEs to scale up, innovate, and generate more employment opportunities for the youth, the EEPC India chairman said.
EEPC India being the face of engineering exports for seven decades and nearly 60 percent of the Council’s members belonging to the MSME sector welcomes the Budget 2025-26.
