The industrial sector, especially small scale industries (SSI), have high expectations from this year’s budget. They I hope the budget It will focus on modernization, skilled labor and job creation.
Abhay Bhor, president of the Maharashtra State Small Scale Industries Association Forum, said: “In the coming financial crises budgetIt is absolutely essential to prioritize modernization, innovation and job creation within India’s industrial sector. “We must focus on strengthening the fundamental needs of industries, such as skilled labor, subsidies for robots and technology-based machinery, as well as the main roads and logistics networks that connect industrial zones.”
Bhor said it was crucial to create opportunities for new companies to enter the government and rail supply systems. “As for women entrepreneurs, although there are skill development centres, MUDRA loans and other schemes, many women are not able to benefit from them. Therefore, these schemes are expected to be more accessible, efficient and widely operational.”
Bhor said if GST returns are processed faster, industries will receive timely returns on their investments, which can then be used for further growth.
“Establish export facilitation centers for rural industries, reconsider and reduce electricity rates in maharashtraand implementation of schemes that make it easier for small scale industries to do business will surely reduce the number of units closing down. “This will boost job creation and encourage the development of both rural and women-led businesses,” she said.
The Association said it hopes this budget will boost industries, startups, rural women entrepreneurs, increase employment, encourage innovation and develop infrastructure.
The Association has also demanded subsidies for advanced robotics and machinery, easier access for startups to government and better contracts, implementation of women’s schemes, better rural export and logistics centres, and lower electricity tariffs.
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Sandeep Belsare, president of Pimpri Chinchwad Small Industries Association, said, “There is a pressing need for simplified loan schemes for micro, small and medium enterprises (MSMEs). We hope that the budget will increase the lending limit of the MSME Credit Guarantee Trust Fund.”
Belsare said they hope their long-pending demand for a simplified GST registration and cancellation process will be met in this budget. “There is a need for a proper policy regarding GST on leased premises and the abolition of the 18% GST currently levied as it relates to property.”
He said the budget should increase income tax limits and simplify the tax structure. “We hope that special concessions will be announced specifically for the MSME sector and discontinued subsidies for the purchase of new machinery will be resumed and a 15% subsidy will be provided.”
“Over the last few years, the government has laid a strong foundation for India’s manufacturing growth through investments in infrastructure, support to MSMEs and a sustained drive for domestic manufacturing, including in Tier II and Tier III regions,” said Bharat Gite, CEO and CEO, Taural India.
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Gite added: “As we move towards the next phase of Make in India, the focus must shift from capacity building to creating global competitiveness. We are hopeful that the Union Budget 2026-27 will accelerate this transition by supporting clean energy, sustainable mining, carbon-smart production and broader MSME participation, enabling India to scale sustainable manufacturing, strengthen export competitiveness and emerge as a trusted global industrial partner.”