Achilles welcomes the Indian government`s FY25 budget, which reinforces India`s position as a global manufacturing and export hub. Increased MSME credit limits and expanded classification will drive industrial growth, job creation, and innovation. Investments in clean technology manufacturing”solar, EV batteries, and wind turbines”mirror global sustainability trends, strengthening supply chains. Maritime and shipping sector incentives will enhance trade competitiveness. However, robust supply chain due diligence and ESG compliance are vital to mitigate risks. While this budget lays a strong foundation, its execution will determine India’s success in becoming a self-reliant, globally competitive manufacturing powerhouse.
Ms. Smitha Shetty – Regional Director APAC – Achilles Information Ltd.