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Union Budget 2026-27, presented connected Sunday by Finance Minister Nirmala Sitharaman, evoked varied reactions from commercialized and manufacture bodies successful Telangana.
While hailing it arsenic futuristic for the measures that they expect volition boost the system successful agelong run, the commercialized and manufacture leaders felt that beyond the projected precocious velocity obstruction corridors to Hyderabad, much could person been done for Telangana.
CII Telangana Chairman R. Sivaprasad Reddy said that it is simply a futuristic fund and the measures for MSMEs are some timely and practical. “We invited the beardown absorption connected MSMEs... initiatives specified arsenic the ₹10,000 crore SME Growth Fund, enhanced recognition enactment done TReDS, linking of GeM with TReDS, and simplified compliance mechanisms, volition amended entree to finance, promote formalisation and boost the competitiveness of smaller enterprises.”
The absorption connected logistics, freight corridors, inland waterways and high-speed obstruction is expected to amended productivity and little the outgo of doing business, vice-chairman M. Goutham Reddy said.
Immediate Past Chairman C. Shekar Reddy expressed disappointment astatine nary notation of enactment for affordable housing. Specific to Telangana, determination were expectations connected Budget announcements connected assorted projects, including the projected radial roads.
No large surprises
The Federation of Telangana Chambers of Commerce and Industry (FTCCI) leaders, led by its president Ravi Kumar, termed the Budget arsenic progressive with nary large surprises.
FTCCI president Ravi Kumar speaking connected the Budget. | Photo Credit: Arrangement
“The Budget reflects a beardown accent connected economical stability, continuity and resilience, particularly successful the discourse of prevailing planetary geopolitical uncertainties,” Mr.Ravi Kumar said, pointing retired that the authorities has struck a equilibrium betwixt maturation and fiscal prudence.
Vice President Srinivas Garimella said the Finance Minister has laid beardown accent connected economical stability. The Budget, however, fell abbreviated connected TDS rationalisation, wherever the manufacture had expected consolidation into 5–6 complaint structures. Similarly, expectations that 3–4 further sectors would beryllium added to the PLI scheme, implicit and supra the existing 14 sectors, were not met, helium said successful a release.
The summation successful securities transaction taxation (STT) connected futures and options risks curbs superior marketplace optimism astatine a clip erstwhile sentiment was turning positive, Senior V-P K.K. Maheshwari said.
Challenges abound
Welcoming the Budget’s intent to accelerate economical maturation and fortify infrastructure, Telangana State Federation of Chambers of Commerce & Trade (TSFCCT) president Ammanabolu Prakash said “critical ground-level challenges faced by traders person not been adequately addressed.”
TSFCCT president Ammanabolu Prakash (centre) astatine the Budget gathering organised by the Federation successful Hyderabad connected Sunday. | Photo Credit: Arrangement
Though traders play a pivotal relation successful presumption of occupation generation, GST gross and supply-chain efficiency, they proceed to stay nether represented successful argumentation absorption and consultations. Frequent notices, instrumentality mismatches, fearfulness of penalties and hold successful input taxation recognition refunds severely interaction their moving capital. Simplified compliance norms for traders with smaller turnovers are urgently required, helium said.
The thrust connected ‘Made successful India’ and home manufacturing arsenic good arsenic the motorboat of the Biopharma Shakti initiative, with an outlay of ₹10,000 crore implicit 5 years, to bolster the biopharma ecosystem was hailed by manufacture leaders.
Amplify Telangana’s efforts
Telangana Life Sciences CEO Shakthi M. Nagappan said the State’s Life Sciences Policy 2026–30 prioritises precocious and analyzable manufacturing, heavy innovation and probe and improvement and instauration of a strong, globally integrated objective probe and objective proceedings network. The Union Budget’s absorption connected these areas volition amplify the momentum, “accelerating our extremity of attracting $25 cardinal successful investments and generating 500,000 jobs portion reinforcing Hyderabad’s presumption arsenic a planetary beingness sciences innovation hub.”
Heritage Foods Executive Director Brahmani Nara hailed the Budget proposals connected veterinary infrastructure enlargement and enhancing credit-linked subsidies for Indian farmers.
