With Union Budget 2026 on the horizon, India’s industry is abuzz with expectations centered on manufacturing revival, enhanced PLI frameworks, export incentives, and fresh investments. Amrit Acharya, Jetwork’s Co-Founder and CEO, shared insights with IANS, highlighting transformative policy shifts needed to sustain momentum.
Public capex must remain a priority, Acharya asserted. Massive outlays on rail networks, infrastructure, and renewables have consistently boosted manufacturing orders. The government’s role as a major procurer ensures steady demand for local producers.
This upward trajectory in spending has not only secured contracts but also generated jobs and invigorated economic cycles. Infrastructure investments are the unsung heroes driving industrial expansion.
PLI schemes have been pivotal, fostering production in key areas like electronics and autos. Acharya advocated evolving beyond domestic focus to conquer global markets through specialized export strategies.
He referenced China’s robust support for exporters via insurance and financing, urging India to replicate this model. Empowering businesses with risk mitigation would unlock bolder forays into international trade.
India’s elevated capital costs deter investments; systematic reductions via policy could spark a venture surge. Acharya commended the stable, industry-friendly regime, exemplified by PLI’s enduring impact—evident in India’s iPhone export dominance.
PLI 2.0’s emphasis on components promises broader benefits for solar and beyond. Acharya’s Budget wishlist: relentless capex hikes and export-focused incentives. Together, they could catapult India’s manufacturing onto the world stage.