IGI Logo

Below the Union Budget 2026 Quote on Manufacturing & MSME sectors By Smitha Shetty, Regional Director APAC, Achilles Information Limited

"Union Budget 2026 reinforces India’s intent to build long-term industrial competitiveness through stronger manufacturing depth and more resilient supply chains. Semiconductors Mission 2.0, dedicated rare earth corridors, and support for domestic chemical clusters reflect a clear focus on reducing import dependency in strategic sectors that are shaping global production systems.

The Budget also strengthens MSME growth with meaningful measures such as the ?10,000 crore SME Growth Fund, additional micro-enterprise risk capital, and reforms that support working capital efficiency through receivables financing and procurement-linked mechanisms. Importantly, the ‘corporate mitras’ initiative can help strengthen compliance readiness without overburdening smaller suppliers, especially in Tier 2 and Tier 3 cities. In an uncertain global trade environment, this is a balanced and forward-looking Budget."

Above views are of the author and not of the website kindly read disclaimer