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North East Industry Body FINER Praises Union Budget 2026-27's Growth Push

The Federation of Industry & Commerce of North Eastern Region (FINER) has expressed satisfaction with the Union Budget 2026-27, calling it a balanced, growth-oriented budget. It particularly welcomed the record-high capital expenditure and a strong focus on MSME support through a new growth fund. The budget's emphasis on manufacturing, technology, and skilling initiatives is seen as a boost for jobs and domestic production. FINER believes the budget will foster inclusive economic growth across all regions, including the Northeast.

Key Points: FINER Hails Union Budget 2026-27 for MSMEs, Infrastructure & Jobs

  • Record ₹12.2L cr capital expenditure
  • ₹10,000 cr SME Growth Fund for MSMEs
  • Push for semiconductors & chemical parks
  • Skilling via Samarth 2.0 for jobs
  • Fiscal consolidation maintained
2 min read

FINER expresses satisfaction with Union Budget 2026-27; sees strong push for industry, MSMEs, infrastructure, employment

The Federation of Industry & Commerce of North Eastern Region (FINER) welcomes the Union Budget 2026-27, citing strong support for MSMEs, manufacturing, and infrastructure.

"The measures in the budget will provide a strong impetus to infrastructure creation, investment, and job generation. - FINER Press Release"

Guwahati, February 1

The Federation of Industry & Commerce of North Eastern Region has expressed its satisfaction with the Union Budget 2026-27, describing it as a well-balanced, growth-oriented budget that addresses the needs of industry while maintaining fiscal discipline.

FINER has particularly welcomed the government's persistence on reform over rhetoric, and its maintaining fiscal discipline as bedrock. The glide path of fiscal consolidation has been maintained as targeted.

In a press release, FINER said that the government has balanced fiscal consolidation with the highest-ever capital expenditure of Rs 12.2 lakh crore, which is commendable.

"The measures in the budget will provide a strong impetus to infrastructure creation, investment, and job generation. The focus on MSMEs, including the creation of Champion SMEs and the proposed Rs 10,000 crore SME Growth Fund, is expected to improve access to finance and strengthen the backbone of the economy," said the press release.

It further stated that the Budget's emphasis on manufacturing and technology, through initiatives such as three dedicated Chemical Parks, expansion of the Semiconductor Mission (ISM 2.0), establishment of Hi-Tech Tool Rooms, and duty exemptions for lithium-ion cell manufacturing, will enhance domestic manufacturing capabilities and promote import substitution.

FINER also appreciated the continued support for textiles, handloom, handicrafts, and khadi, along with targeted skilling initiatives such as Samarth 2.0, which will boost employment, particularly in rural and semi-urban areas.

"Measures to strengthen tourism, urban infrastructure, high-speed rail corridors, and education-to-employment linkages are expected to support balanced regional development. From a macro-economic perspective, FINER welcomed the government's commitment to fiscal consolidation, declining debt-to-GDP ratio, and improved compliance through rationalisation of TCS rates, extension of timelines for income tax return revisions, and other tax reforms," said in the press statement.

Overall, FINER believes that the Union Budget 2026-27 provides a positive and enabling policy environment for industries across sectors and regions, including the North Eastern Region, and will contribute significantly to inclusive and sustainable economic growth.

- ANI

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Reader Comments

S
Sarah B
As someone who works with MSMEs, the Rs 10,000 crore SME Growth Fund is a game-changer. Access to finance has been the biggest hurdle. If implemented well, this can truly unlock potential. The focus on skilling through Samarth 2.0 is also crucial.
R
Rohit P
Good to see fiscal discipline being maintained. High capital expenditure while managing the deficit is a tough act, and the government seems to be pulling it off. The semiconductor mission expansion and tool rooms will help reduce our import dependence. Jai Hind!
P
Priyanka N
While the budget looks good on paper, I have a respectful criticism. We hear about funds for textiles and handicrafts every year, but the artisans in my village still struggle with market access and fair prices. The implementation needs to be more effective.
M
Michael C
The emphasis on chemical parks and lithium-ion manufacturing shows a clear vision for future industries and clean energy. This is strategic thinking for Atmanirbhar Bharat. Hope it attracts serious investment.
K
Kavya N
Balanced regional development is the key phrase here. The Northeast has been ignored for too long. If tourism and high-speed rail corridors get a push, it can transform connectivity and create lakhs of jobs. Fingers crossed! 🤞

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