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Below Quote on Budget 2026 By Mr. Harshad Mehta, Non-Executive Chairman of RIR Power

“We welcome the Union Budget 2026–27 and appreciate the Government’s continued focus on building a robust, self-reliant semiconductor and advanced manufacturing ecosystem. The transition from India Semiconductor Mission (ISM) 1.0 to ISM 2.0, spanning equipment and materials manufacturing, full-stack Indian IP, and resilient supply chains addresses the structural needs of a capital-intensive industry with development cycles. The emphasis on industry-led R&D, talent development, and strategic sectoral scaling significantly strengthens India’s semiconductor value chain. Additionally, the operationalisation of 20 new National Waterways, beginning with NW-5 in Odisha, will further enhance logistics efficiency and enable faster market access from our upcoming Odisha facility.  Collectively, these initiatives reinforce India’s ambition to emerge as a credible, competitive, and self-reliant manufacturing hub on a global scale.”

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