Budget 2025 expectations LIVE updates: Tax reforms, industry incentives and more

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Budget 2025 expectations LIVE updates: Sunil Jhunjhunwala, Co-founder & Managing Director of TechnoSport said, “As Budget 2025 approaches, we are at a pivotal point in history, where big international brands look to diversify their sportswear supply chains. India is the best long term stable and scalable alternative. To capitalise on this opportunity we hope for streamlined import policies for critical raw materials like yarn, fabric, and machinery, essential for driving global competitiveness in the Sportswear and technical textile industry. Policies like QCO and BIS, restrict access to high-quality raw materials, and restrict our ability to play a key role. We need to work with all supply chains for a few years. Meanwhile, we incentivize the local manufacturers to build capability by investing heavily in R&D, technology, scale and automation for manufacturing raw materials to global standards. Additionally, clear directions on Employment Linked Incentive schemes and increased support for sustainability improving infrastructure will be helpful. Robust export incentives would further position India as a leader particularly in the growing sportswear segment.”

Budget 2025 expectations LIVE updates: Sudheer Perla, Managing Director of Tabreed Asia said, “All of India’s energy transition efforts over the past 8 years to rapidly increase renewable energy capacity generation or energy storage is barely meeting the country’s growing demand for cooling either for buildings, data centres or industrial parks. We hope the budget adopts a holistic approach for the energy transition to instead become a cooling transition with more focus on efficient demand management instead of simply adding electricity supply. District Cooling has the potential to cut energy demand by upto 50% for buildings, data centres and manufacturing facilities that require process cooling. In addition, it accelerates circular energy systems to re-use waste, sewage and other forms of energy including city gas to more rapidly decarbonize India whilst powering our economic growth. With increasing heat stress likely to have the most significant climate impact in India in the near term we look forward to policies that can instead mandate and incentivize systemic changes in the way India keeps cool.”

Budget 2025 expectations LIVE updates: Sunder Ram, Co-Founder of Hejje said, “HEJJE is hopeful that the 2025 Budget will significantly strengthen the healthcare sector, driving economic growth and sectoral advancement. We expect the government to allocate 2.5-3% of GDP to healthcare, as recommended by the National Health Policy, prioritizing infrastructure upgrades, hospital bed capacity, and diagnostic services in underserved regions. Tax reforms to enhance affordability and accessibility are critical for equitable care. We also anticipate increased funding for preventive healthcare through awareness campaigns and programs to ease the burden of chronic diseases. Policies focusing on transition care, holistic recovery, and personalized treatments will improve patient well-being. With strategic investments and reforms, this budget can transform healthcare into a cornerstone of economic progress and societal health.”

Budget 2025 expectations LIVE updates: Nikhil Khurana, Founder & CEO of Folks Motor said, “With the upcoming Union Budget, we anticipate stronger support for clean and sustainable mobility solutions, particularly in the EV sector. We hope the government will further help in the adoption of retrofitting, tax benefits for hybrid-electric vehicles, and expansion of charging infrastructure. These initiatives can accelerate the adoption of xEVs and Evs, making clean mobility solutions accessible and affordable for all. We are committed to contributing to India’s vision of a sustainable future and look forward to seeing measures that support this shift towards eco-friendly transportation in the upcoming budget.”

Budget 2025 expectations LIVE updates: Samrath Singh Kochar, Founder and CEO of Trontek, said, “With the Union Budget around the corner, we hope to see a robust push for the electric vehicle (EV) and energy storage sectors, aligning with India’s goals for a sustainable and energy-efficient future. As India’s EV industry grows, the need for high-quality, long-lasting batteries becomes even more critical. We believe the upcoming budget should continue to incentivize the development and adoption of advanced battery technologies, ensuring that we remain self-reliant and reduce dependency on imports. Furthermore, support for sustainable energy storage solutions will empower not just EVs, but also other sectors such as renewable energy and backup power systems.”