New Delhi: The Union Budget 2025 has sparked significant reactions from leaders across various sectors, reflecting a shared optimism for the government's strategic initiatives aimed at promoting growth and sustainability in India. The budget’s emphasis on infrastructure development, manufacturing, green energy, and innovation has been lauded for its potential to transform the nation’s economic landscape. Here are some of the key reactions from industry leaders:
 

Nikhil Mansukhani, Managing Director, Man Industries Ltd. (steel pipes)
"The Union Budget 2025 prioritizes India’s infrastructure and manufacturing sectors with strategic initiatives like the National Manufacturing Mission and 'Make in India,' aimed at enhancing domestic production capabilities. The ₹1.5 lakh crore interest-free loan for infrastructure and PPP projects will improve logistics, reduce bottlenecks, and boost multimodal connectivity, which is crucial for industries such as steel, oil & gas, and heavy engineering.

The introduction of Bharat Trade Net and easier export credit access will streamline international trade, making Indian manufacturers more competitive in global supply chains. However, to fully capitalize on these opportunities, it is essential to ensure faster execution, sector-specific incentives, and continuous policy support. With India’s manufacturing sector set to contribute 25% of GDP by 2030, these initiatives are key to driving long-term growth and positioning India as a global manufacturing leader."
 

Ajinkya Firodia, Vice Chairman and Managing Director, Kinetic Engineering Ltd
"The Union Budget 2025-26 introduces several transformative measures for the automotive and electric vehicle (EV) sectors. Tax exemptions for lithium battery production, the removal of Basic Customs Duty on critical minerals, and the duty-free import of key EV battery production equipment reflect the government's strong commitment to bolstering domestic manufacturing and reducing import dependency. These steps will significantly enhance India’s position as a global hub for electric mobility and clean energy technologies. By fostering local innovation and ensuring cost efficiency, this budget lays the foundation for rapid industry growth and broader adoption of electric vehicles."
 

Ravi Goel, CBO RapidShyp
"The Union Budget 2025 is a significant step forward for India's logistics sector, focusing on technology, infrastructure, and efficiency. The transformation of India Post into a next-generation logistics provider highlights the government's commitment to modernizing last-mile delivery and strengthening the national supply chain. This initiative is going to enhance competition, foster innovation, and improve accessibility, particularly benefiting MSMEs and e-commerce businesses.

Besides, strategic investment in multimodal logistics parks, AI-driven supply chain management, and better infrastructure in terms of roads, warehousing, and connectivity will boost operational efficiency and reduce costs and sustain growth. At RapidShyp, we welcome these reforms and look forward to leveraging this evolving ecosystem to deliver faster, smarter, and more resilient logistics solutions."
 

Rohit Beri, CEO & CIO ArthAlpha
"The Union Budget 2025/26 takes a measured approach to personal income tax, delivering a welcome boost to consumption and much-needed relief for individuals earning up to ₹2.5 million annually. While the tax cuts are meaningful, potentially exceeding 6.5%+ of total personal income tax collections—the expectation was for a more ambitious restructuring to drive broader economic impact.

On the fiscal front, the government has prioritized prudence over expansion, ensuring long-term stability but missing a near-term opportunity to accelerate growth through higher capital expenditure. A more aggressive capex push could have provided the momentum needed to stimulate investment and job creation. In terms of compliance, marginal adjustments to TDS and TCS offer little more than a gesture. The real test will be in the upcoming tax code—whether it truly simplifies taxation or adds another layer of complexity remains to be seen."
 

Praveen Jaipuriar, CEO, CCL Products (India) Ltd
"The Union Budget FY2025-2026 introduces a strong demand stimulus, particularly with personal income tax relief up to ₹12 lakh. This move will significantly boost disposable incomes, especially among young consumers, who are key drivers of India’s growing FMCG culture. The increased spending power is expected to benefit premium FMCG segments, including specialty coffee, and strengthen the out-of-home experiences in quick-service restaurants and cafés.

The government’s focus on agriculture through initiatives like the Agri Programme to support 1.7 crore farmers and the plan to cover 100 districts with low productivity is a welcome move. These measures have the potential to improve coffee cultivation in key regions, enhancing both yield and farmer incomes and boosting local coffee production."
 

Eswara Rao Nandam, CEO and Founder of Polymatech Electronics
"The Government of India’s commitment to empowering MSMEs and driving technological upgradation is a commendable step towards positioning India as a global manufacturing hub. The enhanced credit facilities and increased investment and turnover limits for MSMEs will provide significant support for businesses, helping them scale efficiently and foster innovation. These initiatives will undoubtedly boost India’s export potential and drive growth in sectors such as opto-semiconductors, 5G, and LED lighting solutions."
 

Saily Lad, CEO & Founder of Volksara Techno Solutions
"The Union Budget 2025 introduces pivotal reforms that promise to accelerate growth in sectors critical to India's development. The enhanced investment and turnover thresholds for MSMEs and startups will empower businesses to scale operations and drive innovation. Notably, the substantial allocation for smart city initiatives underscores the government's commitment to urban transformation. This focus aligns seamlessly with our mission at Volksara Techno Solutions, where we specialize in integrating advanced technologies into urban infrastructure to create safer, more efficient, and sustainable cities. Additionally, increased funding for healthcare and education technology will enable us to further our efforts in delivering cutting-edge solutions that enhance public services and quality of life. These strategic investments not only bolster the technology sector but also pave the way for a more connected and prosperous India."
 

Sanjay Dighe, CEO & Whole-time Director of Krystal Integrated Services Ltd
"The Union Budget 2025-26 promotes infrastructure growth, urban development, and skill enhancement. These have been the growth drivers for the facility management sector. The push on PPP projects and tier-2 city growth offers new avenues for public-private collaboration and economic growth. The ₹1.5 trillion interest-free loans and ₹1 trillion Urban Challenge Fund will accelerate infrastructure development, boosting demand for facility management services. The establishment of five national skilling centers will strengthen the talent pool, essential for high-quality services. At Krystal Integrated Services, we’re excited to contribute to India’s evolving infrastructure and help shape a future-ready urban ecosystem."
 

Vineet Mittal, Chairman, Avaada Group
"As we embrace the Union Budget 2025, I am pleased by the bold vision it sets for our nation’s future. More than a financial plan, it is a transformative blueprint for infrastructure, manufacturing, and power—key drivers of India’s growth. The ₹1.5 lakh crore in long-term PPP-based infrastructure investment, coupled with the ₹1 lakh crore Urban Challenge Fund, signals a new era of urban modernization and economic resilience.

Strategic initiatives like global manufacturing clusters and clean tech advancements under the National Manufacturing Mission will position India as a global industrial powerhouse. By promoting domestic production of critical components like wind turbines, solar components, electrolyzers and batteries, we’re fostering innovation and sustainable growth. In the power sector, reforms promoting inter-state efficiencies and the Nuclear Energy Mission targeting 100 GW through indigenous small modular reactors are setting the foundation for a resilient, low-carbon energy future."
 

Akshat Khetan, Founder, AU Corporate Advisory and Legal Services
"The Union Budget 2025 strikes a vital balance between tax relief for the middle class and strategic reforms to boost the country’s economic resilience. By increasing the tax exemption limit to ₹12 lakh and offering substantial TDS relief, the government has ensured greater disposable income for taxpayers, especially the salaried class. These measures, combined with the extension of the tax filing timeline and simplified processes, will greatly ease the tax burden on the common man. On the customs side, the exemption of duties on life-saving drugs and reduction in customs duties for critical industries show the government’s commitment to affordable healthcare and boosting manufacturing in India. These comprehensive reforms are designed to foster inclusive growth while enhancing the ease of doing business across sectors."
 

Pratik Kamdar, CEO & Co-Founder, Neuron Energy
"The Union Budget 2025's announcements for the EV and energy sectors are a big boost for sustainability and clean technology. The ₹2,500 crore allocation to charging infrastructure and the launch of National EV Charging Infrastructure 2.0 will significantly enhance the EV ecosystem, making electric mobility more accessible across the nation. At Neuron Energy, we’re optimistic about the future of India’s green energy transition, and we see tremendous growth opportunities in renewable energy, battery storage, and electric vehicle infrastructure as a result of these initiatives."


BI Bureau