“The Union Budget 2025 sets a decisive course for India’s manufacturing sector by strengthening MSMEs, fostering domestic production, and enhancing global trade competitiveness. The enhanced credit guarantee scheme and financing for machinery upgrades will accelerate MSME expansion, fueling industrial growth, particularly in Tier II and III regions.

The National Manufacturing Mission, coupled with a dedicated committee to review and reform business regulations, will improve the ease of doing business—streamlining processes, reducing bottlenecks, and attracting investments. Additionally, digital public infrastructure for international trade will unlock financing solutions, giving Tier II and III industries better access to global markets.

 A strong push for innovation through private-sector-driven research and 10,000 PM Research Fellowships will strengthen India’s R&D ecosystem, fostering high-value manufacturing advancements. By equipping researchers with resources to develop globally competitive technologies, these initiatives will help India move up the value chain—ensuring our industries are not just production hubs but innovation powerhouses. Expanding IIT capacity by 6,500 seats will further drive engineering excellence and future-ready talent.

 By prioritizing scale, efficiency, and innovation, this budget paves the way for India to emerge as a global manufacturing leader—an ambition deeply aligned with Taural India’s vision.”