New Delhi, Feb 2 (KNN) The Federation of Indian Export Organisations (FIEO) has welcomed the Union Budget 2026–27, describing it as bold, forward-looking, and reform-oriented, boosting India’s growth trajectory while enhancing the global competitiveness of exports, manufacturing, and MSMEs.
FIEO President S.C. Ralhan highlighted the Budget’s emphasis on domestic manufacturing in high-value and strategic sectors, including electronics, semiconductors, biopharma, textiles, chemicals, aircraft components, construction equipment, and rare earth magnets.
The revival of 200 legacy industrial clusters and multiple sector-specific initiatives is expected to boost scale, productivity, technology adoption, and export readiness.
Trade Facilitation and MSME Support
“The Union Budget 2026–27 clearly demonstrates the government’s resolve to translate India’s economic potential into tangible performance. The strong thrust on manufacturing, MSMEs, infrastructure and services—backed by meaningful tax and customs reforms—will enable Indian exporters to integrate more deeply and competitively with global value chains,” Ralhan said.
He welcomed trade facilitation measures such as duty exemptions on key inputs, extended export timelines, recognition of trusted exporters, and factory-to-port cargo clearance, which are expected to reduce transaction costs and improve supply-chain efficiency.
Ralhan also noted strong support for MSMEs through the Rs 10,000 crore SME Growth Fund, top-up to the Self-Reliant India Fund, mandatory onboarding of CPSEs on TReDS, and credit guarantee support for invoice discounting.
“MSMEs are the backbone of India’s export ecosystem,” he said, adding that these measures will empower them to scale, innovate, and become global champions.
Services Sector and Infrastructure
FIEO appreciated the renewed focus on the services sector, including IT, medical value tourism, education, design, sports, and the care economy, supported by safe harbour provisions and tax certainty.
Continued public capital expenditure on logistics corridors, waterways, and energy security is expected to strengthen India’s position as a global manufacturing and services hub.
Positive Outlook
Ralhan emphasised, “The Budget sends a strong and positive signal to global markets and reinforces India’s credibility as a reliable, resilient and attractive trade and investment destination. Indian industry and exporters are fully committed to partnering with the government in maximising the benefits of these initiatives and accelerating export-led growth.”
(KNN Bureau)
