Budget 2026-27: FM Sitharaman's Multi-Sector Push Boosts Manufacturing
Business
M
Moneycontrol•01-02-2026, 13:51
Budget 2026-27: FM Sitharaman's Multi-Sector Push Boosts Manufacturing
- •Biopharma SHAKTI with Rs 10,000 crore aims to make India a global biologics hub, establishing new NIPERs and upgrading existing ones.
- •ISM 2.0 expands semiconductor ambitions to equipment, materials, IP, and advanced training, reducing import dependence.
- •Electronics Components Scheme outlay increased to Rs 40,000 crore to deepen component manufacturing and support just-in-time logistics.
- •Rare Earth Corridors in Odisha, Kerala, Andhra Pradesh, and Tamil Nadu will secure critical mineral supply for key industries.
- •Tax incentives, customs duty cuts, and SEZ relief are introduced to boost manufacturing, exports, and lower input costs across various sectors.
Why It Matters: FM Sitharaman's Budget 2026-27 prioritizes manufacturing across diverse sectors with significant investments and reforms.
✦
More like this
Loading more articles...
