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Below Reaction  On Union Budget 2026 Mr. Raman Bhatia, Managing Director, Servotech Renewable Power System Ltd

"The Union Budget 2026 sends a powerful signal that India is ready to lead the global energy transition. The extension of customs duty exemptions on capital goods for Lithium-Ion cell manufacturing is a game-changer. For an industry-player like Servotech, which has just ventured into the Electric 3-Wheeler battery segment, this move significantly lowers the cost of scaling up and allows us to innovate faster. It effectively strengthens the domestic value chain, making ‘Make in India’ batteries more competitive on a global scale. 

In tandem, the India Semiconductor Mission 2.0 and the ?40,000 crore outlay for electronics manufacturing will build the necessary resilience in our supply chains. This is critical for the advanced electronics that power our EV chargers and energy systems. Furthermore, the ?10,000 crore SME Growth Fund is a visionary step that will empower enterprises to scale from domestic leaders to global champions.

I am particularly excited by the government’s focus on Purvodaya. The development of five tourism destinations in the Eastern states, supported by the deployment of 4,000 electric buses, creates a massive opportunity for sustainable transit. This is where micro-mobility and public transport will converge to drive regional growth.

Finally, the proposal of ?20,000 crore for Carbon Capture, Utilisation, and Storage (CCUS) over the next five years, alongside the deep push for AI integration, validates our direction at Servotech. We are already automating our processes and integrating AI into our energy solutions. This budget doesn't just provide funds; it provides a roadmap for a smarter, greener, and digitally-advanced India."

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