3 months ago
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The Union Budget 2026-27 is unchangeable and balanced, maintaining fiscal subject and argumentation continuity, but lacks region-specific interventions needed to accelerate maturation successful backward regions specified arsenic Kalyana Karnataka, the Kalyana Karnataka Chamber of Commerce and Industry (KKCCI) said connected Sunday.
The observations were shared pursuing a unrecorded telecast and post-Budget treatment organised by KKCCI connected its premises successful Kalaburagi.
From an wide manufacture perspective, KKCCI noted that the Budget mostly continues with existing policies and allocations, ensuring macroeconomic stability.
However, the lack of large caller announcements oregon transformative measures makes it a dependable Budget alternatively than a decisive growth-oriented propulsion for underdeveloped regions.
While the Budget’s accent connected infrastructure, manufacturing, MSMEs and services has the imaginable to make employment nationally, KKCCI cautioned that Kalyana Karnataka volition payment lone if it is capable to pull projects, concern clusters and backstage investments done proactive implementation astatine the State and territory levels.
“We admit the affirmative aspects of the origin arsenic it provides a disciplined and unchangeable model focused connected continuity, but stronger region-specific involution is needed to unlock faster maturation successful underserved regions. We are besides disappointment implicit the lack of immoderate nonstop announcement, peculiar bundle oregon dedicated allocation for Kalyana Karnataka, contempt its long-standing improvement challenges,” KKCCI president Sharnabasappa Pappa said.
Among the affirmative announcements, the Chamber welcomed the projected high-speed obstruction corridor connecting Hyderabad and Pune, stating that improved connectivity tin heighten economical integration and concern prospects for the region. The renewed absorption connected mega textile parks is besides described arsenic encouraging, peculiarly successful presumption of the PM-MITRA Textiles Park projected successful Kalaburagi which tin look arsenic a large employment and export hub if implemented connected priority.
In the agriculture sector, KKCCI has appreciated the motorboat of the Bharat-VISTAAR AI-based agriculture level integrating AgriStack and ICAR systems.
The Chamber said that the inaugural volition beryllium particularly beneficial for drought-prone districts specified arsenic Kalaburagi, Yadgir, Raichur and Bidar by providing customised, multilingual advisories to assistance farmers instrumentality informed decisions.
The connection to found 1 girls hostel per territory is described arsenic a socially impactful measure. KKCCI said that this volition straight payment Kalaburagi by enabling agrarian girls from the portion to prosecute higher and STEM acquisition locally successful a harmless environment.
While MSMEs recognition enactment has been strengthened done improved banking mechanisms, faster payments and recognition guarantees, KKCCI has expressed interest that the ₹10,000-crore MSMEs allocation whitethorn beryllium inadequate fixed the size and diverseness of the sector. It added that Kalyana Karnataka volition payment lone if banks actively amended recognition travel astatine the territory level.
The treatment was attended by KKCCI caput Shivraj Inginshetty, contiguous past president Shashikant B. Patil, past presidents Umakant Nigudgi and Prashant Mankar, economist Baswaraj Kumnoor and respective members of the Chamber.
