Budget 2026 Accelerates Tech-Led Manufacturing and Semiconductor Growth

By:- Mr. Kartik Daftari, Managing Director & CEO at Hi-Tech Radiators Pvt. Ltd

“The Union Budget 2026 sends a strong and reassuring signal to industry by placing technology-led manufacturing at the centre of India’s growth strategy. The ₹40,000 crore India Semiconductor Mission 2.0, expanded electronics manufacturing incentives and record capex of ₹12.2 lakh crore will significantly strengthen domestic supply chains and reduce import dependence in critical components. Equally important is the focus on rare earth corridors, chemical and capital goods parks and MSME enablement, which will deepen upstream capabilities and improve export competitiveness. This is a budget that translates scale into opportunity – driving investment, job creation and sustained global relevance for Indian manufacturing.”