BJP President Nitin Nabin Commends Union Budget 2026-27 for Manufacturing and Employment Growth
BJP President Nitin Nabin lauded the Union Budget 2026-27 as a significant step towards achieving Viksit Bharat 2047, highlighting its emphasis on manufacturing and job creation. The budget includes a Rs 40,000 crore allocation for the India Semiconductor Mission 2.0 and Rs 10,000 crore for biopharma, along with customs duty exemptions for lithium-ion batteries and critical minerals. Industry experts have welcomed these measures, noting their potential to enhance logistics and manufacturing capabilities in India.
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BJP National President Nitin Nabin praised the Union Budget 2026-27 as a 'Sankalp se siddhi' for Viksit Bharat 2047, highlighting its focus on manufacturing and employment creation. The budget allocates Rs 40,000 crore for the India Semiconductor Mission (ISM) 2.0 to enhance the semiconductor ecosystem, alongside Rs 10,000 crore for biopharma.
Nabin emphasized the budget's role in generating new job opportunities and supporting India's 7% GDP growth amidst global challenges. Finance Minister Nirmala Sitharaman proposed customs duty exemptions for manufacturing lithium-ion batteries and critical minerals, extending these benefits to nuclear power projects until 2035. Industry experts welcomed the budget, noting its positive impact on logistics and manufacturing, with a specific mention of the Rs 10,000 crore allocation for container manufacturing aimed at bolstering export capabilities.
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