Budget Signals Steady Infra Growth with Sustainability at the Core
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JK Lakshmi Cement welcomes the Union Budget’s continued emphasis on infrastructure-led growth anchored in sustainability. With focused investments in urban infrastructure, regional development, and cleaner industrial pathways, the Budget offers long-term visibility for the construction ecosystem while reinforcing India’s transition towards low-carbon growth and employment generation.
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Arun Shukla, President and Director, JK Lakshmi Cement
“The Union Budget remains true to the Government’s Viksit Bharat and 2070 Net Zero vision and sends a clear signal on the direction of India’s growth—combining infrastructure-led development with a sharper focus on sustainability. The emphasis on Carbon Capture and Utilisation reflects an important step towards enabling cleaner industrial growth.
The focus on developing infrastructure in cities with populations above five lakh will strengthen Tier 2 and Tier 3 cities as emerging growth centres. This will help companies in the infrastructure sector and generate demand.
Together, these measures support balanced regional development and provide long-term visibility for industries linked to construction and infrastructure. There is also a lot of effort to generate employment through the variety of proposals announced.”
by Sambitosh Mohapatra, Partner and Leader, Climate and Energy, PwC India
India’s latest Union Budget marks a decisive shift from chasing capacity targets to building true system resilience. It signals a bold ambition: to lead the global green industrial revolution.
The launch of the ₹20,000 crore CCUS Mission and the SMR Nuclear Mission shows that the government is directly addressing hard-to-abate sectors that define the next frontier of decarbonisation. The restructuring of Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) is a transformative move—unlocking deep capital pools which are critical to powering the ₹12.2 lakh crore capex cycle.
At the same time, focus on the semiconductor ecosystem, critical mineral corridors, and permanent magnet manufacturing tackles the biggest vulnerability in the clean energy transition: supply chain sovereignty. For industry, extended customs duty exemptions for Battery Energy Storage System (BESS) and a simplified Income Tax Act offer predictability and a clearer fiscal runway. This isn’t just a green budget—it’s a competitive industrial strategy. One that positions India as a global hub for cleantech and biopharma innovation, while maintaining fiscal discipline with a 4.3% deficit. India is no longer merely participating in the energy transition but is positioning itself to shape it.