This post was originally published on The Economic Times
Several announcements in the FY27 budget, such as a scheme for container production and rationalisation of customs duties, would help boost domestic manufacturing and the country’s exports, according to exporters.
They said that amid turbulent times, trade tensions, global headwinds and multiple challenges in the international market, the budget proposals will extend a helping hand to the domestic industry.
Sanjay Budhia, Chairman of CII’s National Committee on Exports and Managing Director of Patton International Ltd, said the Union Budget 2026-2027 is a positive pointer unveiling the growth agenda and unleashing the growth potential of the country.
“The proposed Rs 10,000-crore scheme for building a globally competitive container manufacturing ecosystem is a timely and strategic intervention,” he said.
The focus on developing indigenous container capacity will reduce import dependence, lower freight costs, and provide operational flexibility for India’s export logistics, Budhia said.
“This initiative can become a cornerstone in strengthening supply chains and reinforcing India’s position as a manufacturing and trading hub, and would surely help India to achieve its target of USD 2 trillion exports by 2030, he said, adding an extended timeline for
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