Union budget to catalyse growth through innovation, infrastructure & inclusive development: CII

PNS | DEHRADUN

The Confederation of Indian Industry (CII) has stated that the Union budget 2025-26 presents a forward-looking roadmap for India’s economic transformation, with a strong push for innovation, entrepreneurship and infrastructure development. The enhanced support for MSMEs, focus on skill development and urban transformation initiatives will be instrumental in driving industrial growth and job creation, particularly in the northern region.

Commending the budget, CII Uttarakhand chairman Kanishk Jain stated, “The budget is an all inclusive budget with focus on agriculture, MSME, investments, infrastructure, health, digital economy, social welfare and taxation reforms. Targeted support for manufacturing, exports and agriculture will drive India’s economic momentum. Enhanced PPP model in infrastructure, incentives for high-value manufacturing and the ‘BharatTradeNet’ digital trade platform will strengthen global competitiveness. The budget has given a strong push to healthcare by expanding cancer centers which is a welcome step,” he said.

By prioritising private sector investment and strengthening the MSME ecosystem, the budget paves the way for sustained industrial growth and job creation. The significant boost in credit availability for MSMEs, establishment of National Manufacturing Mission, streamlined tax structures and targeted manufacturing incentives will drive entrepreneurship and innovation at scale. Equally transformative is the government’s strong push for infrastructure, with accelerated urban development initiatives. This forward-looking budget strikes a balance between inclusive development and economic momentum, setting a strong foundation for a Viksit Bharat, Jain added.

CII Uttarakhand vice chairman Suyash Agrawal said, “The Union budget 2025 lays a strong foundation for sustainable urban growth, infrastructure modernisation, human capital development and a thriving investment climate. The National Manufacturing Mission under Make in India will create a robust framework for industries across solar PV, electrolysers, and grid-scale batteries. The expanded Rs 10,000 crore Fund of Funds will provide a vital boost to startups, driving innovation and entrepreneurship.”