A cross section of industry leaders have welcomed the budgetary provisions for various sections of the economy.

February 1, 2025 – Industrial Automation has received a large number of press releases welcoming the announcements in Budget 2025. Presented here are a few of these:

Mr Makarand Kulkarni, CEO, revalyu Resources: “We are very thrilled to see that the government has demonstrated its commitment to climate-friendly development in the country through the establishment of National Manufacturing Mission, which will also support Clean Tech manufacturing in the country.  This initiative will strengthened the domestic value addition, while fostering a robust ecosystem for key sustainable technologies, including solar PV cells, EV batteries, motors and controllers, electrolyzers, wind turbines, high-voltage transmission equipment, and grid-scale batteries.  Additionally, the government's move to incentivizing  urban sector reforms related to governance, municipal services, urban land, and planning will provide a significant boost to the country's recycling industry, driving sustainable growth and resource efficiency.

Mr Sanjay Choudhari, Chairman, SBL Energy Limited: “The government's renewed focus on manufacturing and energy security marks a transformative shift for India's industrial landscape. The National Manufacturing Mission under the Make in India initiative is a timely and much-needed move that will strengthen small, medium, and large industries. We see this as a crucial step toward building a robust supply chain for mining and infrastructure, enhancing domestic production of critical materials, and reducing import dependency.

“The Nuclear Energy Mission, with its ambitious target of 100 GW capacity by 2047, is a bold move toward energy transition. The Rs 20,000 crore investment in small modular reactor R&D and incentives for capacity augmentation will create opportunities for energy-intensive industries, including mining and explosives. Reliable and scalable power sources are fundamental to driving industrial growth, and this initiative is a step in the right direction. At SBL Energy, we are optimistic about these developments and look forward to leveraging these opportunities to contribute to India's self-reliance in mining, energy, and industrial explosives.”

Gaurav Sahay, Practice Head – Technology & General Corporate, Fox Mandal & Associates LLP: “The Union Budget 2025-26 takes a significant step toward strengthening India's technological landscape by prioritising AI, deep tech, and digital education. The establishment of AI Centers of Excellence, alongside the expansion of IITs, will foster a robust ecosystem for innovation and skill development. Additionally, the government's focus on supporting deep tech startups through dedicated funding will accelerate advancements in AI, blockchain, and clean energy. These initiatives reaffirm India's commitment to becoming a global leader in emerging technologies, driving both economic growth and digital transformation. The Government should look at gaining AI sovereignty as against the US and China already present there.

Rakesh K Jha, Partner, Energy Sector Solutions, Sustainability and ESG, BDO India: “The Union Budget 2025 takes a balanced approach to strengthening India's energy sector by addressing financial, infrastructure, and manufacturing challenges. It prioritises DISCOM reforms, transmission expansion, and renewable energy growth while reducing costs for solar and battery storage through lower duties and enhanced PLI incentives. The focus on green hydrogen, nuclear energy, and domestic manufacturing signals a long-term vision for energy security and self-reliance. While these measures create a strong foundation for India's clean energy transition, their success will depend on effective implementation, regulatory clarity, and sustained financial support to ensure long-term impact.”