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Below the Quote on Budget reaction by Mr. Amey Belorkar - Fund Manager - Maharashtra and Aerospace Venture Fund at IDBI Capital Markets & Securities Limited

"The Budget has focused on strenthening India’s MSME and Startup ecosystem through enhanced credit access by way of expanded fund-of-funds (FOF) of Rs 10,000 crores as well as a proposal for setting up a Deep Tech FOF. Further the investment limits for MSME classification have been increased by 2.5 times which means that businesses can now invest significantly more while still qualifying as MSMEs. Also startups are benefited with the increase in Incorporation period by 5 years. The allocation of Rs 500 crore for MRO sector and the establishment of a Rs 25,000 crore corpus for shipbuilding shows India’s commitment to promote India’s self-reliance.
Additionally, India is focused to accelerate clean energy to develop at least 100 GW of nuclear power by 2047 and encourage private sector involvement. A dedicated Rs 20,000 crore R&D initiative for Small Modular Reactors (SMRs) will be launched, with the goal of having at least five indigenously developed SMRs operational by 2033. The Budget also aims to create self reliance in EV and mobile phone battery manufacturing."

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