Pre-Budget 2025: IT and Manufacturing Leaders Advocate for Policy Reforms

January 22, 2025:  The Union Budget 2025-26 is expected to address key challenges in IT, cybersecurity, manufacturing, and sustainability. Industry leaders share their insights on policies needed to boost growth and innovation.

Amit Chadha, CEO of L&T Technology Services, highlights the importance of R&D. “Policies incentivizing digital transformation and AI-led advancements will drive India’s leadership in ER&D.”

Sunil Sharma of Sophos India emphasizes cybersecurity. “Investments in proactive cybersecurity and workforce skilling are critical to securing India’s digital transformation.”

Rohan Vaidya of CyberArk calls for stronger public-private collaboration. “Effective partnerships and robust data protection frameworks are essential for mitigating rising cyberthreats.”

Rajesh Jain, CFO at RR Kabel, advocates for PLI expansion. “Simplifying tariffs and incentivizing local production will position India as a global manufacturing hub.”

Kishan Jain, Director at Goldmedal Electricals, adds, “IoT-enabled smart technologies and sustainable practices can reduce imports and boost jobs.”

Rakesh Malhotra of Livguard Solar emphasizes clean energy. “Solar and EV incentives can drive energy efficiency and position India as a leader in renewable energy.”

Nikhil Khurana, CEO of Folks Motor, highlights retrofitting. “Tax incentives for hybrid-electric vehicles and expanded infrastructure will accelerate clean mobility adoption.”

Sarvjeet Singh Virk of Jumpp advocates for financial innovation. “Regional fintech hubs and UPI infrastructure expansion will drive inclusivity.”

Manun Thakur of Veda Rehabilitation stresses mental health funding. “Greater investment in awareness campaigns and healthcare access will enhance productivity.”

Aalok Kumar of NEC India adds, “Smart cities and agritech policies will generate employment and bridge regional disparities.”

Experts agree that Budget 2025-26 must deliver on policies that empower industries, boost innovation, and create sustainable opportunities. With focused reforms, India can solidify its position as a global economic powerhouse.