“We applaud the Union Budget 2026-27 for its visionary focus on fortifying India’s strategic manufacturing independence. The establishment of dedicated Rare Earth Corridors across Odisha, Kerala, Andhra Pradesh, and Tamil Nadu is a watershed moment; it will create the integrated infrastructure needed to transform raw minerals into high-value components for the EV and defense sectors.
Furthermore, the exemption of Basic Customs Duty (BCD) on critical inputs-specifically sodium antimonate for solar glass and materials for lithium-ion cell manufacturing-is a decisive move. These measures will significantly lower capital costs for domestic battery production, making ‘Make in India’ energy storage solutions globally competitive.
This Budget moves India from intent to execution—laying the foundation for a self-reliant, innovation-led, and sustainable green-manufacturing future, a pretext move towards our goal of Atmanirbhar Bharat.”
