In the heart of Gujarat, Vapi stands as Asia’s premier industrial corridor, home to thousands of factories driving India’s export engine. But today, Trump tariffs and geopolitical tensions have dimmed its shine. All eyes are on the impending Union Budget for lifelines that could reignite momentum.
The region’s 10,000-plus industries, spanning chemicals, pharma, paper, and more, depend heavily on seamless trade. Recent tariff hikes have disrupted supply chains, hitting exporters hardest. Stakeholders anticipate bold interventions to promote outbound shipments and shield MSMEs from uncertainty.
‘Vapi is an MSME stronghold,’ affirmed Satish Patel of the Vapi Industrial Association. He called for export-boosting initiatives tailored to global tariff woes, alongside policies supporting long-term goals like a developed India by 2047. Such measures would empower smaller players to thrive.
Pharma magnate Prakash Bhadra voiced concerns over slashed R&D rebates, once offering 200% weighted deductions. ‘Reviving this is crucial for innovation in chemicals and drugs,’ he said. He also pushed for AI incentives and subsidies to counter China’s dominance and tariff barriers affecting production.
India’s pharma prowess positions Vapi as a vital hub, yet it bears the brunt of trade wars. Leaders demand a standalone Pharmaceuticals Ministry for better global advocacy and easier GST processes. Kamal Vashi stressed one-window clearances to attract fresh investments.
With self-reliance at the forefront, the budget represents a pivotal moment. Streamlined policies could transform challenges into opportunities, ensuring Vapi’s industries not only endure but lead in the global arena.