Quotes from Technology Industry
Sindhu Gangadharan, MD, SAP Labs India remarks
“The 2025 Budget underscores India’s commitment to strengthening its digital and innovation ecosystem through strategic investments in AI, skilling, and talent development. The Rs 500 crore allocation for a Centre of Excellence for AI in Education is a transformative step toward integrating AI-driven solutions into learning frameworks, and equipping the workforce of tomorrow with future ready capabilities. It is encouraging to see AI increasingly recognized as a core driver of productivity and competitiveness, and this investment will accelerate India’s position as a global leader in AI innovation.
The establishment of five National Centres of Excellence for Skilling, in collaboration with global expertise, is another critical move that will strengthen India’s workforce for ‘Make in India’ and ‘Make in India for the World.’ As digital adoption surges, specialized skills in cloud, AI, and enterprise technology will be critical to sustaining India’s leadership in the global technology economy. With over 1.9 million professionals employed by GCCs in India, continued investment in skilling initiatives will not only drive business growth but also contribute to broader societal progress.
At SAP Labs India, we believe that a strong partnership between industry, academia, and policymakers is essential to translating these initiatives into tangible impact. By advancing AI-driven education, deepening SaaS expertise, and cultivating a globally competitive talent pool, India is poised to shape the future of enterprise technology and digital transformation on the world stage.”
Ajay Vij, Senior Country Managing Director, Accenture in India
“The government's focus on leveraging technology as a catalyst for growth is key to propelling India towards its global aspirations, ensuring innovation drives progress and positions the nation as a leader on the world stage.
The announcements to set up five National Centres of Excellence for skilling, Atal Tinkering labs to foster innovation, Deeptech Fund of Funds and setting up of the CoE in AI for Education will create a systematic and progressive movement towards building future-ready skills needed for an AI economy. These will not only harness the power of emerging technologies to unlock innovation but also drive sustainable growth for the country. With responsible use of gen AI expected to add an extra $675 billion in economic value to the country by 2038, these measures will help build a future where technology and human potential go hand in hand.”
Rahul Chandalia, Co-Founder, WOL 3D
The Union Budget 2025 marks a significant step towards strengthening India’s MSME sector as a lever of growth engine for the next five years. The government's commitment to initiatives like the Atal Innovation Mission (AIM) and the National Manufacturing Mission places the country to further strengthen its manufacturing capacities and capabilities including on new and emerging domains such as 3D printing
With over 50,000 Atal Tinkering Labs planned across government schools, we see this as a revolutionary chance to provide young minds with hands-on experience in innovative technology such as 3D printing, developing an innovative culture from a young age. Additionally, focusing on MSMEs as important drivers of economic growth will reinforce India's status as a global manufacturing hub, enabling ease of doing business and allowing for broader adoption of digital fabrication and additive manufacturing .
We also foresee new opportunities for micro-entrepreneurship enabled by 3D printing value chain, with the availability of funds upto five lakhs for first-time women entrepreneurs from the SC/ST communities.
Quote from Manufacturing Industry
Quotes from Dr. Pawan Munjal, Executive Chairman, Hero MotoCorp.
“The Union Budget 2025 fuels India's growth engines with a bold push for manufacturing, green mobility, and rural empowerment—driving innovation, job creation, and global leadership.
The Union Budget 2025 outlines a bold vision for Viksit Bharat, focused on eradication of poverty, quality education, affordable healthcare, and women’s empowerment. By prioritizing rural prosperity and establishing India as a global agricultural powerhouse, the budget fosters inclusive growth that reaches all corners of the nation. A bold push towards manufacturing excellence, supported by strategic investments in infrastructure, EV technology, and MSME growth, strengthens India’s industrial backbone. This people-centric vision strikes a perfect balance between fiscal discipline and sustainable economic growth.
The elimination of income tax for individuals earning up to Rs 12 lakh will spur economic activity and unlock consumer potential, while simplified tax regulations foster ease of doing business. Meanwhile, green energy investments and EV policy support accelerate India’s shift to a clean, sustainable economy, positioning it as a leader in innovative mobility.
The automobile sector stands poised for a significant leap forward, with substantial investments in green energy and a clear policy framework to support energy storage solutions. These measures will accelerate India’s transition to a clean mobility future, reinforcing its commitment to sustainability and technological innovation.
In essence, this budget is a bold fusion of foresight, strategy, and ambition, perfectly aligned with Prime Minister Modi’s vision for a developed India by 2047—a nation leading in innovation, inclusive growth, and global influence. It’s not just a financial plan, but a transformative blueprint for national progress and the empowerment of every citizen.”
Quotes from Mr. Vikram Gulati, Country Head and Executive Vice President - Corporate Affairs and Governance - Toyota Kirloskar Motor
"Toyota Kirloskar Motor commends the Union Budget 2025-26 for its focus on reforms, infrastructure development, reinforcing fiscal discipline, rationalising taxation, and fostering domestic manufacturing - all aimed at driving holistic development.
The increased allocation for capital expenditure demonstrates the government's persistent commitment towards infrastructure modernisation, a crucial factor in accelerating growth across industries and improving their competitiveness including automotive sector.
Lowering of taxation through Income Tax measures and the PM Dhan Dhanya Krishi Yojana for the farming community will significantly benefit the common man, enhance consumption and create demand leading to faster economic growth.
Continued and strong support to MSMEs, with special focus on labour-intensive sectors and first-time entrepreneurs will spur innovation and growth, aligning well with India's ambition of becoming a manufacturing major.
Further, the inclusion of 35 additional capital goods for EV battery manufacturing is an important step towards localizing lithium-ion battery production which will help in lowering import dependency, and further strengthening India’s energy security goals. This will not only accelerate clean technology adoption but also create a robust supply chain supporting India's Carbon Neutrality goals for 2070.
At Toyota Kirloskar Motor, we stand firmly with the government’s vision of a self-reliant, sustainable, and globally competitive automotive industry. Our unwavering commitment to advancing clean energy technologies, deepening investments in local manufacturing, skilling and contributing to India’s ‘Viksit Bharat’ vision reflects our dedication to driving economic growth while upholding environmental responsibility.”
Mr. Kishan Jain, Director at Goldmedal Electricals
“We strongly support the government's renewed focus on manufacturing through the National Manufacturing Mission. Strengthening domestic capacities, integrating with global supply chains, and fostering Industry 4.0 will advance the ‘Make in India’ vision. Support for the domestic electronics industry and proposed tax changes will enhance ease of doing business. Higher tax exemptions will put more money in consumers' hands, driving demand and growth. The budget’s transformative reforms, especially in power and regulatory frameworks, will boost competitiveness. This is a win for domestic production and a greener, self-reliant India, setting the foundation for a stronger future.”
The Union Budget 2025-26 Quote from Mr. Farrokh N. Cooper, Chairman and Managing Director, Cooper Corporation Pvt. Ltd
"The Union Budget 2025-26 is a good and forward-looking that supports economic growth while ensuring fairness for honest taxpayers. By introducing measures that simplify tax compliance and broaden the tax base, the government has made it easier for more individuals and businesses to contribute, ultimately fostering a culture of voluntary compliance. These reforms not only encourage transparency but also increase revenue generation, which will be channeled into nation-building initiatives, creating a more robust economic ecosystem.
This budget provides a significant boost to the manufacturing and MSME sectors, which are the backbone of India's industrial growth. By enhancing credit availability, supporting domestic production, and prioritizing sustainable development, the government has reaffirmed its commitment to 'Make in India' and self-reliance. These initiatives will stimulate investments, generate employment, and accelerate economic expansion, positioning India as a global manufacturing powerhouse”.
Quote from Ms. Sanjana Desai, Executive Director of Mother’s Recipe
“The Union Budget 2025-26 outlines a progressive vision for the food processing industry, particularly in strengthening MSME support, export growth and agricultural innovation. The introduction of a National Institute of Food Technology and expanded credit facilities for micro and small enterprises will empower businesses like ours to enhance efficiency, foster innovation and scale globally.
With an increased focus on agri-processing and improved access to credit, this budget reinforces the government’s commitment to creating a robust ecosystem where brands rooted in authenticity like Mother’s Recipe can continue to deliver high-quality products while supporting Indian farmers and strengthening local supply chains. These efforts will further bolster India’s position as a global food supplier. At Mother’s Recipe, we are proud to bring the rich heritage of Indian flavors to over 45 countries, and these policy measures will play a vital role in making Indian cuisine more accessible and celebrated worldwide”.
Mr. Yash Munot, President of the Association of Indian Forging Industry (AIFI)
"The Union Budget 2025-26 showcases the government's continued focus on revitalizing the manufacturing sector, particularly the MSME and automotive industries, which are crucial to India's forging sector. The announcement to double the credit guarantee cover for micro and small enterprises and the introduction of customized credit cards for micro enterprises will enhance financial access, fostering growth and innovation. Additionally, the enhanced investment and turnover limits for MSME classification are expected to boost operational scalability, helping forging companies remain competitive in global markets. Additionally, the Budget has also helped the salaried class and middle class with the NIL Income Tax limit raised to Rs 12 lacs.
The increased emphasis on clean technology manufacturing and the government's commitment to sustainable development provide promising opportunities for the forging sector to invest in advanced and environmentally friendly technologies. With policies supporting research and development, skill development, and clean energy, the forging industry stands poised to play a pivotal role in driving the growth of India's manufacturing sector while supporting the nation's aspirations for Viksit Bharat by 2047."
Quotes from Mr. Venkatram Mamillapalle, Country CEO and MD, Renault India
“We welcome the transformative vision of Finance Minister Nirmala Sitharaman in the Union Budget 2025. The budget's focus on agriculture, MSME development, investment, and exports sets a promising path for India's growth.
We commend the Dhan-Dhaanya Krishi Yojana, benefiting 1.7 crore farmers, and the revised tax structure exempting income up to ?12 lakh, which will boost consumer spending. This is expected to positively impact vehicle purchases, especially among the growing middle class.
The National Manufacturing Mission strengthens 'Make in India' with robust policy support and execution roadmaps. By prioritising rural development, tax reforms, and clean-tech manufacturing, the budget lays a strong foundation for a greener, more prosperous future. Renault India is ready to engage and contribute to a sustainable India.”
Quote on Budget 2025-26 from Mr. Amit Mathur, President – Sales and Marketing, Finolex Cables Ltd.
“The Union Budget 2025-26 presents a vision for India's manufacturing and digital advancement. The introduction of BharatTradeNet streamlines export processes, particularly benefiting MSMEs in accessing global markets. The Manufacturing Mission demonstrates clear intent through its focus on business environment enhancement, technological advancement, and clean manufacturing capabilities. This positions India effectively as an emerging global manufacturing hub. The digital infrastructure initiative, extending broadband connectivity to government schools and rural healthcare centres, marks a significant step toward digital inclusion. This investment in connectivity strengthens the foundation of rural education and healthcare delivery. The substantial infrastructure spending across roads, railways, and urban development, combined with income tax relief up to Rs 12 lakh, creates dual economic momentum. This balanced approach stimulates both infrastructure development and consumer spending. These complementary measures establish a strong framework for sustainable economic growth across sectors.”
Quote from Dr Sudhir Mehta Founder Chairman, EKA Mobility
Dr Sudhir Mehta Founder and Chairman EKA Mobility commented; “We commend the government's forward-thinking budget, which emphasizes sustainability, innovation, and domestic industrial growth. The Union Budget 2025 announcements underline the commitment to creating an environment that fosters economic growth while addressing major issues in the clean energy and mobility sectors. The Finance Minister’s initiatives, including the National Manufacturing Mission and strategic exemptions on critical minerals for EV battery production, are crucial steps toward strengthening the cleantech ecosystem. Importantly, the budget exempts 12 more minerals, cobalt powder, lead, zinc, lithium-ion battery trash, and other essential inputs from Basic Customs Duty (BCD). There has also been a noticeable increase in the manufacturing of 35 new EV capital products. These programs demonstrate a strong commitment to sustainability, innovation, and greater industrial competitiveness, setting the framework for transformative progress in a variety of critical sectors. The nation's energy revolution will be dependent on funding for small modular reactors and the government's target of 100 gigawatts of nuclear power by 2047. Long-term growth can be solidified by financial agreements that allow governments to expand their borrowing capacity, as well as indirect taxation initiatives targeted at increasing domestic value creation. The Budget 2025 accelerates the transition to a more sustainable and environmentally conscious future.”
Quote from Mr. Manoj Tulsian, CEO and Joint Managing Director, Greenply Industries Ltd.
“The Union Budget 2025 takes a decisive step towards strengthening India’s economic fabric by putting more disposable income in the hands of middle-class taxpayers. The revision of the ‘Nil tax’ slab to ?12 lakh under the new regime will encourage homeownership, indirectly driving demand in the interior infrastructure industry, including wood panels, veneers, and MDF. The expansion of the SWAMIH Fund to expedite the completion of 1 lakh housing units will further support this trend, easing financial burdens on homebuyers.
Additionally, the Government of India’s focus on manufacturing through the National Manufacturing Mission will be key driver of economic stability. The manufacturing industry not only boosts the country’s economic growth but also sustains the livelihoods of skilled labourers who form the backbone of industries across the board.
Greenply Industries supports the emphasis on Clean Tech manufacturing, which aligns with our commitment to sustainable production. We hope that, like our manufacturing units that operate on clean energy, more industries will integrate green energy solutions into their operations, strengthening India’s journey towards a climate-friendly economy.”
Quotes from Devndra Chawla – CEO & MD – GreenCell Mobility
GreenCell Mobility applauds the Government of India for its steadfast commitment to advancing the EV sector and fostering a sustainable future. The set up of National Manufacturing Mission and exemption on capital goods will accelerate domestic clean tech manufacturing, enhance EV battery production, and strengthen India’s renewable energy ecosystem. A robust EV infrastructure is crucial for industry growth and seamless integration of electric mass mobility. Additionally, the government's focus on connectivity and tourism infrastructure, along with income tax relief, will boost economic activity by increasing disposable income for the middle class. These initiatives will encourage more people to explore new destinations while choosing sustainable and eco-friendly transportation options like our NueGo service. At GreenCell Mobility, we remain committed to supporting India’s sustainable development goals by driving the future of electric mass mobility and contributing to a greener, more connected nation.
Quote: from Mr. K A Shabir, CEO, Funskool India
“The budget 2025 was focused on increasing the spending power for India’s growing middle class and that is great for all manufacturers, irrespective of sectors.
The announcement to implement a scheme to make India a global hub for toys is appreciable.
The development of clusters, skills and a manufacturing ecosystem to create high-quality, unique, innovative and sustainable toys will change the dynamics of the Indian toy industry and drive the ‘Make In India’ initiative, further on.
As India’s leading toy Manufacturer, Funskool has been proudly contributing to the ‘Make in India’ initiative and will continue to do so and work towards strengthening the Indian toy industry.”
As Finance Minister Nirmala Sitharaman presented the budget today, Mr. Nirav Choksi, CEO & Co-Founder of CredAble and Mr. Ketan Mehta, CFO of CredAble, shared their expert insights on it:
Quotes from Retail Industry
Budget Quote – Mr. Anshuman S. Bharadwaj, Central Director, Phoenix Marketcity Pune
The Union Budget 2025-26 outlines a forward-looking approach to strengthening India’s retail sector by fostering urban development, encouraging consumer spending, and enhancing ease of doing business.The emphasis on infrastructure investment, digital transformation, and MSME support is set to contribute to a more resilient and dynamic retail ecosystem, benefiting both businesses and consumers.
With the introduction of the Rs 1 lakh crore Urban Challenge Fund and continued investments in smart city initiatives, the government is laying the foundation for modern, experience-driven retail destinations.These measures are expected to positively influence footfalls and elevate customer engagement, reinforcing the retail industry’s long-term growth prospects.
We acknowledge the government’s focus on boosting domestic manufacturing, facilitating e-commerce, and expanding digital payment infrastructure. As a leading premium retail destination, Phoenix Marketcity Pune remains committed to delivering world-class shopping experiences while aligning with India’s evolving economic and consumer landscape.
Quotes from Real Estate Industry
Mr. Ramesh Nair, CEO, Mindspace Business Parks REIT
“The Union Budget 2025 takes a decisive step towards strengthening India’s urban infrastructure and fostering business-friendly environments. The ?1 lakh crore Urban Challenge Fund and incentivized urban reforms will enhance governance, municipal services, and city planning, key enablers for sustained commercial growth. The national framework for Global Capability Centers (GCCs) is particularly encouraging, as we have seen GCCs emerge as some of the largest occupiers of Grade A office spaces. Strategic infrastructure upgrades in emerging cities will unlock new opportunities for businesses and further India’s position as a global services hub.”
Quotes from Logistics Industry
Mr. Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics Ltd.
"The Union Budget reinforces India's position as one the fastest-growing major economies, bolstering the road-map for overall growth in consumption and infrastructure. The ‘National Manufacturing Mission’ and 'Make in India' initiatives will further accelerate domestic production, fuelling 'Move in India' - a vision for seamless movement of cargo across the country. The sustained emphasis on infrastructure development, coupled with a three-year project pipeline under the PPP model and state-backed incentives for capital expenditure lay a strong foundation. The budget's focus on logistics modernization, including PM Gati Shakti ; streamlined air cargo warehousing, and the new BharatTradeNet initiative will strengthen India's logistics ecosystem. Aligned with this, we're committed to leveraging technology, driving efficiency, and bolstering supply chain resilience. We look forward to collaboratively building a future-ready, sustainable, and tech-driven logistics landscape, aligned with India's growth ambitions.”
Quote from Healthcare Industry
Priyadarshi Mohapatra, Founder & CEO - CureBay says, "CureBay welcomes the Union Budget 2025’s emphasis on rural broadband and AI-driven healthcare innovation that will significantly enhance last-mile healthcare delivery. Strengthening PHCs with connectivity and expanding cancer care at district hospitals will bridge critical gaps in accessibility. The exemption on lifesaving drugs ensures affordability for patients battling severe illnesses. Investments in AI technologies will help drive smarter, more efficient healthcare solutions. These steps reinforce India’s commitment to equitable healthcare, aligning with CureBay’s mission to make quality care accessible to all."
Quote from the Agriculture industry
Mr. Anshul Garg, Director & CEO of Aroma AAT Basmati Rice, believes the Union Budget 2025 offers a forward-looking outlook on the Indian agriculture space, “The PM Dhan Dhanya Krishi Yojana in partnership with states will be a significant boost in Basmati production domestically. This is a meaningful and era-appropriate announcement to increase India’s agri productivity and will benefit increasing Indian Basmati rice’s increased penetration in global key markets. As productivity increases, the emphasis on helping up to 1.7 Crore Indian farmers with both short and long term credit lines will also help to advance the rural economy and the creation of employment opportunities in the space will help position India as the global food basket.”
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