Team Goemkarponn
PANAJI: The Confederation of Indian Industry has welcomed the Union Budget 2026, describing it as a positive and forward looking plan for strengthening India’s manufacturing base and the MSME sector. The continued thrust on capital expenditure is expected to create industrial ready ecosystems and improve overall supply chain efficiency across the country.
Industry representatives believe that the increase in government spending will encourage private investment and support the expansion of production facilities. Better infrastructure and logistics will help reduce operational costs and make Indian manufacturers more competitive in domestic as well as global markets.
The budget places special emphasis on micro, small and medium enterprises through measures aimed at improving access to capital, equity support and liquidity. These initiatives are expected to help smaller businesses modernise operations, adopt new technologies and integrate more effectively into international value chains.
The focus on regulatory simplification and digital adoption is also seen as a major step toward improving ease of doing business. Streamlined procedures and technology driven governance will help MSMEs enhance productivity and build resilience against market challenges.
Industry leaders expressed confidence that the measures announced in the budget will accelerate industrial growth and create new employment opportunities. The balanced approach toward investment, reforms and technology is expected to strengthen India’s position as a global manufacturing destination.
The budget reflects a clear commitment to empowering small enterprises while building a stronger industrial foundation, said Mahendra Wani, Vice Chairman, CII Goa State Council.
