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Mr. Dheeraj Panda

Managing Director, Ammann India 

“The Union Budget reinforces infrastructure and manufacturing as twin engines of India’s next growth phase, with central capex rising to over ₹12 lakh crore. The announcement of execution of seven new high-speed rail corridors, multimodal logistics, freight-linked infrastructure and urban connectivity especially in tier-2 and tier-3 cities, will drive demand for high-output, reliable and technologically advanced construction equipment. Long-term visibility is critical for the construction and equipment industry to plan capacity, technology investments and localisation with confidence.

Additionally, MSME-focused measures like improved payment cycles, credit support, and cluster revival will enable smaller contractors to modernise fleets and adopt advanced plants and pavers to cater to the changing infrastructural needs.

We congratulate the Hon. Finance Minister on the policy continuity, ecosystem support, and forward-looking incentives needed for the construction equipment industry to enable India’s infrastructure-led growth over the next decade.”

Mr. Lakshmi Narayana G

Designated Partner (Laxmi Infra), GHR Lakshmi Urbanblocks Infra LLP.

The Union Budget 2026 positions real estate as a key growth engine by building a more stable, capital-efficient ecosystem that reduces project risk and attracts institutional investment - a critical need for premium, sustainable housing in fast-growing markets like Hyderabad.

The push for Green Credits and incentives for sustainable construction technologies - such as dry construction methods and recyclable materials - signals a clear policy shift toward environmentally responsible development. The Construction and Infrastructure Equipment (CIE) scheme, with its focus on advanced and energy-efficient equipment including modern lift systems for high-rises, further supports this transition toward smarter, greener buildings.

On the demand side, simplified NRI transactions - especially PAN-based TDS compliance without the need for a TAN - can significantly reduce friction for overseas buyers, making Indian real estate more accessible and investment-friendly. 

Importantly, the Budget’s emphasis on sustainable urban renewal across housing segments from mid-income to premium - along with credit guarantees and process simplification, empowers developers to create more inclusive, well-planned communities. Growth corridors such as Kokapet and Neopolis in Hyderabad are well-placed to benefit from improved financing access and green incentives, enabling projects with smart technologies, global certifications, and future-ready amenities.

From a premium developer’s perspective, the real opportunity lies in building integrated townships that balance density, sustainability, lifestyle, and livability ensuring that growth remains equitable for both developers and homebuyers, while meeting the rising aspiration for high-quality urban living.

Mr. Dilip Oommen

CEO, AM/NS India

“The continued outlay on capex for infrastructure is a welcome step to support industry’s long-term growth. Measures to strengthen project financing, revive industrial clusters and expand infrastructure in Tier-2 and Tier-3 cities will also boost domestic manufacturing and competitiveness. At AM/NS India, we remain committed to supporting this nation-building effort through sustainable steelmaking and long-term investment in India’s growth.”

Mr. Shalabh Chaturvedi

Managing Director, India & SAARC region, CASE Construction Equipment

“We strongly welcome the Union Budget 2026–27’s decisive push for infrastructure, reflected in the increase of public capital expenditure to ₹12.2 lakh crore. The announcement of the Scheme for Enhancement of Construction and Infrastructure Equipment is a landmark step for the industry. For CASE Construction, this reinforces the vision of manufacturing in India for an Aatmanirbhar Bharat by promoting domestic production of high value, technologically advanced equipment. The planned development of City Economic Regions, new freight corridors, and expansion of national waterways under the PM Gati Shakti programme will drive demand for advanced construction equipment. The Budget’s broader policy support for manufacturing and industrial ecosystems will help accelerate supply chain migration into India and create large scale employment opportunities. With a continued focus on ease of doing business and exports, this Budget lays a strong foundation for industrial growth aligned with the vision of Viksit Bharat.”

Mr. Puneet Vidyarthi

Head of Brand Marketing, CASE Construction India & APAC and President, Rural Marketing Association of India

“The Budget’s continued focus on infrastructure-led growth beyond metros is a positive signal. Greater emphasis on connectivity and localised development can help accelerate economic activity across semi-urban and rural markets. As development expands closer to these regions, building skills at the grassroots level becomes equally important to support efficient execution and long-term impact. Together, these measures can contribute to more balanced growth while strengthening local economies and market potential.”

Mr Rinkesh Roy

Joint Managing Director and CEO, JSW Infrastructure Ltd.

“We congratulate the Honourable Finance Minister and the Government of India on a decisive and forward-looking Budget that firmly positions infrastructure as the foundation of India’s growth. The thought through push towards port modernisation, inland waterways, coastal shipping, and logistics corridors will make India competitive and marks a structural change.

 The additional focus on expanding national waterways, strengthening east coast connectivity, container manufacturing, and digitalisation of ports aligns closely with our vision of building integrated, port-led logistics ecosystems. Creating seamless linkages between ports, evacuation infrastructure, and industrial clusters is a must to achieve the uninterrupted growth.

 Equally encouraging is the emphasis on green ports, sustainability-linked financing, ship repair, and smart-port technologies, which will enhance India’s maritime competitiveness while supporting long-term, sustainable growth. Overall, Budget 2026–27 reinforces India’s ambition to emerge as a global maritime and logistics hub and provides strong momentum to port-led industrial development.”

Mr. Satish Kumar Agarwal

Chairman and Managing Director, Kamdhenu Group

“The 12.2 lakh crore capital expenditure outlay with targeted push for high-speed rail and road corridors, waterways and city economic regions among others highlights a sustained push for infrastructure led growth. The focus on infrastructure development in tier-2 and tier-3 cities with over 5 lakh population will be a strong push to the growth momentum. The proposed Infrastructure Risk Guarantee Fund is a game-changer as it effectively de-risks investments in infrastructure projects. The cumulative impact of the growth focussed budget will result in a sustained growth in demand for steel and allied products including value added steel as the key component in infrastructure development.”

Mr. Amit Gossain

Chairman and Managing Director, KONE Elevators India & South Asia

We welcome Budget 2026 and its clear focus on strengthening India’s infrastructure-led growth. The emphasis on urban development, particularly across tier-2 and tier-3 cities, will play an important role in advancing smart urbanisation and modern vertical construction. This creates meaningful opportunities for companies like KONE India to support the next phase of India’s city-building journey.

The proposed capital expenditure of ₹12.2 lakh crore for FY27, along with continued focus on R&D and digital capabilities, sends a strong signal towards innovation, efficiency, and long-term competitiveness. These measures will help accelerate infrastructure creation, improve logistics, support employment, and contribute to more sustainable and future-ready cities.

At KONE India, we look forward to contributing to this momentum by bringing safer, smarter, and more sustainable mobility solutions to India’s growing urban landscape. Budget 2026 provides a positive and enabling roadmap for the infrastructure sector and reinforces confidence in India’s long-term growth story.

Mr. Vikram Goel

Chief Business Officer – Industrial at Mahindra Lifespaces

 “The Union Budget reinforces the long-term fundamentals of India’s industrial and urban growth agenda through a strong infrastructure push, improved execution certainty and sustained public capital expenditure. In an increasingly uncertain global trade environment, the flexibility extended to SEZ manufacturing units to access domestic markets is a timely and pragmatic measure that helps stabilise operations, optimise capacity utilisation and support more predictable investment planning.

The continued focus on freight corridors, high-speed connectivity and the development of city economic regions will strengthen industrial competitiveness, logistics efficiency and regional growth. For integrated developments like Mahindra World City in both Jaipur and Chennai, which bring together SEZ and DTA ecosystems within a master-planned urban framework, this direction strongly aligns with our vision of building resilient industrial clusters where manufacturing growth is seamlessly integrated with jobs, housing and urban infrastructure, enabling long-term, sustainable growth.”

Mr. Sudhanshu Vats

MD, Pidilite Industries Limited

The Union Budget 2026–27 reinforces strong confidence in India’s growth trajectory, anchored in manufacturing, infrastructure and consumption. The continued focus on domestic manufacturing across chemicals, electronics and capital goods strengthens supply-chain resilience and supports India’s ambition to be a globally competitive production hub. With public capex at ₹12.2 lakh crore, demand across housing, construction and infrastructure-linked industries will remain robust, directly benefiting the building materials and adhesives ecosystem. The emphasis on digital infrastructure, Automation & AI-led Customs reforms and trade facilitation will enhance ease of doing business and global integration. Overall, the Budget provides the confidence to invest, innovate and scale alongside India’s long-term economic vision. Onwards to a Viksit Bharat 2047.

Mr. Sunil Nair

CEO of Ramky Infrastructure Ltd

“The Union Budget 2026 underscores a clear continuity of confidence in India’s infrastructure growth story. The proposal to establish an Infrastructure Risk Guarantee Fund is a particularly forward‑looking intervention, it directly addresses one of the biggest hurdles in the sector: risk perception during the early stages of project development and construction. By offering partial credit guarantees to lenders, the Fund will not only ease financing bottlenecks but also embolden private players to invest in new, large‑scale projects with greater assurance.

Equally significant is the government’s move to accelerate asset monetisation through dedicated Real Estate Investment Trusts (REITs) for  Central Public Sector Enterprise (CPSE) owned real estate. This will unlock dormant capital, enhance liquidity in the system, and catalyse a new wave of investments across allied sectors like logistics, housing, and industrial infrastructure.

Complementing these reforms, the Budget’s thrust on industrial infrastructure through the Chemical Park and bulk drug park, Biopharma Shakti schemes enhances India’s manufacturing and innovation ecosystem. The Chemical Park and bulk drug park will create plug‑and‑play clusters to boost domestic chemical production and reduce imports, while the ₹10,000 crore Biopharma Shakti initiative aims to build a globally competitive biopharma ecosystem through new NIPERs, clinical trial networks, and upgraded regulatory standards.

Finally, with a proposed capital expenditure of ₹12.2 lakh crore for FY 2026‑27, the Budget reaffirms infrastructure as the backbone of India’s economic momentum. These measures together create a balanced ecosystem, de‑risked, capital‑efficient, and geared towards sustainable, high‑velocity growth. For developers like Ramky Infrastructure, this paves the way for deeper partnerships in nation‑building.

Mr. Amit Sharma

MD & CEO, Tata Consulting Engineers

The Union Budget 2026–27 sets a clear direction for India’s long term growth, with a strong focus on capital investment, manufacturing competitiveness and technology led development. Continued high spending on infrastructure strengthens confidence in execution and supports progress across transportation, urban development and logistics. The emphasis on high speed rail, alongside roads, metros, ports and urban infrastructure, signals a move towards next generation connectivity. Policy continuity on clean energy and grid strengthening supports energy security and transition, while the focus on advanced facilities such as semiconductors, electronics, data centres and pharmaceuticals builds domestic capability. Measures supporting hydrocarbons and chemicals, and metals and mining including rare earth corridors, strengthen critical supply chains. Overall, the Budget underlines the importance of delivery quality alongside investment scale, and Tata Consulting Engineers remains committed to converting this policy intent into future ready assets for the nation.

Mr. Harsh Pareek

Vice President, Direct Sales, Asia-Pacific at Trimble

"The ₹12.2 trillion allocation for the Infrastructure and construction sector announced in this Budget sends a clear signal that infrastructure remains central to India’s growth agenda, even in a challenging global environment. Sustaining this level of investment will be important, not just to keep projects moving, but to ensure long-term economic impact.

What stands out is the focus on expanding infrastructure development into Tier-2 and Tier-3 cities, which are fast emerging as key growth centres. As construction activity spreads across more regions, the project complexity will increase and so execution and quality on the ground will matter more than ever. The continued push for advanced technologies is a positive step towards building infrastructure that is dependable, scalable and built to last.”

Mr. Vinod Aggarwal

MD & CEO, VE Commercial Vehicles

“The Union Budget 2026 sets out a clear and purposeful roadmap to strengthen India’s growth trajectory and advance the vision of Viksit Bharat. With a clear focus to build capability in crucial areas, the budget reinforces the foundations of the automotive and commercial vehicle industry. The continued focus on capital expenditure, with ₹12.2 lakh crore allocated for infrastructure, will play a critical role in sustaining demand for trucks, buses, and logistics assets that underpin economic activity nationwide.

The Budget’s emphasis on developing Rare Earth Mineral Corridors across Odisha, Kerala, Andhra Pradesh, and Tamil Nadu marks a strategic step toward securing critical inputs for electric motors and advanced components. This will reduce import dependence, strengthen domestic value chains, and bolster India’s long-term competitiveness in high-technology mobility.

On the clean mobility front, the continuation of duty exemptions on capital goods for battery manufacturing, alongside targeted incentives for localized processing, sends a strong signal of intent. These measures are instrumental in accelerating EV adoption while building a cost-efficient battery ecosystem crucial for improving the Total Cost of Ownership and driving wider commercial viability.

Overall, the Budget strikes the right balance between near-term industry confidence and long-term capacity building, reinforcing India’s position as a resilient, self-reliant, and globally competitive manufacturing hub.”

Mr. Anil Agarwal

Chairman, Vedanta Ltd

"A growth-oriented Budget, with a clear focus on increasing public capital expenditure and boosting manufacturing. It is a Budget which creates opportunities for youth to improve their livelihoods, women to become financially independent, and for employment-intensive sectors like medical tourism to take off. I welcome the Government's keen attention to critical minerals and rare earths. The Rare Earths Corridors for mining, processing, R&D, and manufacturing in Odisha, Tamil Nadu, Andhra Pradesh, and Kerala will boost growth, employment, and mineral security. Import duty exemption on capital goods for critical minerals processing is very timely in the current global scenario. The announcement on flexibility in SEZs, which will permit some sales in the domestic market, is an excellent move. I congratulate the Prime Minister and Finance Minister for continuing to steer the Indian economy with a very steady hand in uncertain times."

Mr. Ajay Chaudhary

Founder, Chairman and Managing Director, ACE Group

“The Budget’s continued emphasis on infrastructure and urban development is a positive signal for well-planned real estate projects. With cities clearly being positioned as engines of growth, sustained investment in urban infrastructure, along with provisions focused on enhanced connectivity and large-scale projects such as the announcement of seven new high-speed rail corridors, the push for modern infrastructure development across tier-II and tier-III cities, and a broader ₹10,000 crore growth-oriented funding framework supporting enterprise and urban activity, will play a key role in shaping premium housing demand.”