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Budget 2026 Boosts Logistics, Manufacturing for Viksit Bharat Vision

Industry leaders have welcomed Union Budget 2026 as progressive and balanced, aligning with long-term growth goals. A key highlight is the allocation of Rs 10,000 crore for container manufacturing to strengthen the logistics ecosystem and support exports. While some sectors expressed unmet expectations regarding PLI schemes, the budget extended customs duty exemptions for inputs used in manufacturing glass and lithium batteries. Overall, the proposals are seen as providing a clear thrust towards the vision of Viksit Bharat while maintaining economic stability.

Key Points: Industry Leaders React to Union Budget 2026

  • Rs 10,000 crore for container manufacturing
  • Customs duty exemption for battery inputs
  • Focus on logistics and export growth
  • Balanced approach to economic stability
2 min read

Budget 2026 gives strong push to logistics, manufacturing and Viksit Bharat: Industry leaders

Industry experts welcome the progressive Budget 2026, highlighting major allocations for container manufacturing and its push for Viksit Bharat.

"The budget... is a very, very balanced budget and it gives a thrust to Viksit Bharat. - Saurabh Sanyal"

New Delhi, Feb 1

Industry experts on Sunday welcomed the Union Budget 2026, calling it progressive, balanced and aligned with India's long-term growth goals.

Speaking to IANS, Vipin Vohra, Chairman of Continental Carriers Private Limited, said the budget is very positive for the logistics sector.

"The government has laid strong emphasis on logistics as exports from India continue to rise," he noted.

Vohra highlighted that one of the most important announcements for the sector is the allocation of Rs 10,000 crore for container manufacturing, which he believes will strengthen India's logistics ecosystem and support export growth.

"As far as logistic sector is concerned, you know, this is a very progressive budget and a lot of things have been said about the logistics," Vohra added.

"The most important first thing which they have given is Rs 10,000 crores they have allocated on container manufacturing," he mentioned.

Sharing his views, Abani Kant Jha, Group Chief Financial Officer of Saatvik, said that while the budget did not fully meet the expectations of his sector, it still offered some relief.

He pointed out that the government has extended the basic customs duty exemption on inputs used to manufacture glass and lithium batteries.

However, Jha added that the industry had hoped for inclusion under the Production Linked Incentive (PLI) scheme, which was not announced in this budget.

Meanwhile, Secretary General of Assocham, Saurabh Sanyal, described the Union Budget 2026 as a very balanced budget.

He said the proposals presented by Finance Minister Nirmala Sitharaman provide a clear thrust towards the vision of Viksit Bharat, while maintaining overall economic stability.

"The budget which has been presented today by the Finance Minister Nirmala Sitharaman is a very, very balanced budget and it gives a thrust to Viksit Bharat," Sanyal stated.

- IANS

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Reader Comments

P
Priya S
Good to see the focus on logistics and manufacturing. However, like Mr. Jha mentioned, many sectors were hoping for PLI expansions. The budget feels balanced but could have been more aggressive to accelerate job creation, especially for our youth.
R
Rohit P
As someone in the transport business, this is excellent news. Better containers mean less damage, faster turnaround at ports, and more reliable delivery. This investment will have a ripple effect across the entire supply chain. Kudos to the FM!
S
Sarah B
The extension of customs duty exemption for battery inputs is a smart, forward-looking move. It supports the green energy transition. The budget seems strategically planned for long-term stability, which is crucial for attracting foreign investment.
V
Vikram M
Balanced budget is good, but we need speed. Vision for Viksit Bharat is clear, but execution on the ground is key. Hope the funds for container manufacturing are deployed efficiently and don't get stuck in red tape. The intent is positive, though.
K
Kavya N
This focus on strengthening the logistics ecosystem is very welcome. It's not just about big exports; it will help small businesses like my father's handicraft unit get products to international customers faster and cheaper. A very progressive step indeed!

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