By:-Mr. Vivek Bhide, Regional President, India and Group Transformation Officer, John Cockerill
“The Union Budget 2026-27 sets an encouraging course for India’s industrial transformation by combining decisive action on decarbonisation with strong support for strategic manufacturing. Customs duty relief for defence, aviation and nuclear sectors underscores the government’s intent to build world-class manufacturing ecosystems and accelerate ‘Make in India’ across high-technology domains, enhancing competitiveness and global supply chain integration. Coupled with targeted investments in carbon capture, utilisation and storage to decarbonise hard-to-abate industries such as steel, these measures create a compelling platform for scaling advanced manufacturing, boosting exports and strengthening energy and national security. This budget reinforces India’s ambition to lead in clean industrial growth, defence production and strategic technology deployment.”
