Mr. Keyur Shah, Chairman & Managing Director, Yash Highvoltage Limited
“The Indian power sector delivered a record performance in 2025 by meeting peak demand, expanding capacity and sharply reducing shortages. As we look ahead, the Union Budget should sustain the momentum through continued capital expenditure, with FY27 outlays in the ₹12–13 lakh crore range, while remaining committed to fiscal consolidation.
Infrastructure-led growth will remain pivotal, and higher allocations to the power sector can further strengthen access to reliable and affordable electricity. At the same time, accelerated investments in renewable energy, smart grids, energy storage and green hydrogen are essential to meet rising demand and future-proof the sector. Extending PLI-type incentives to niche power equipment manufacturers, including MSMEs, along with a rationalised indirect tax and customs framework, will enhance domestic competitiveness and help build a resilient, globally competitive power ecosystem. These measures will be key to strengthening domestic manufacturing and positioning India as a global hub for advanced power equipment.”
Mr. Gaurav Lath, Joint Managing Director, Concord Control Systems Limited
“As we approach Union Budget FY27, the railway technology sector stands at an exciting threshold, thanks to the visionary leadership driving India’s rail revolution. We commend the government’s tireless efforts in prioritizing safety, security, and innovation across the ecosystem, evident in groundbreaking initiatives like green hydrogen adoption and Kavach 4.0.
We appreciate Union Minister Ashwini Vaishnaw’s (Minister for Railways, Information & Broadcasting and Electronics & Information Technology, GoI) focus on policy-driven growth, including infrastructure investment, manufacturing and innovation support, inclusive development, and regulatory simplification. The sector strongly supports this approach, which will create a stable, predictable environment to scale homegrown technologies and attract global investment.
The sector seeks sustained policy support to scale from pilots to commercial green hydrogen infrastructure for railways. Long-term policy visibility, paired with targeted incentives for indigenous R&D in advanced electronics, will supercharge homegrown players like us Concord Control Systems Limited. Strengthened public-private partnerships, swift technology validation, and streamlined certification, building on the government’s robust frameworks therefore will fast-track innovations. These steps will further cement Atmanirbhar Bharat, and position India as a rail tech superpower. We’re confident this budget, under Hon’ble Finance Minister’s guidance, will deliver that transformative foundation.”
Mr. Nitin Jain, Joint Managing Director, Concord Control Systems Limited
“As we approach the Union Budget FY27, the Indian rail and mobility ecosystem stands at a critical inflection point where scale, safety, and sustainability must advance together. Continued and enhanced capital allocation towards railway modernisation, indigenous technology development, and next-generation propulsion systems will be essential to meet India’s long-term freight and passenger mobility goals. Focused support for safety-critical systems, automation, and digitalisation will further strengthen operational efficiency across the rail network.
From an industry perspective, targeted incentives for domestic manufacturing of high-value electronics, embedded systems, and clean mobility solutions along with support for hydrogen and alternative energy adoption, will accelerate innovation while reducing import dependence. Policy clarity on long-term procurement, faster approvals for advanced technologies, and strengthened R&D incentives will enable companies like ours to invest with greater confidence in globally competitive solutions developed in India.
We appreciate the government’s sustained commitment to infrastructure-led growth and the ‘Make in India’ vision, which has empowered Indian companies to deliver world-class, mission-critical technologies. With continued policy support in FY27, the industry is well-positioned to contribute meaningfully to India’s ambitions of safer railways, greener transportation, and leadership in future mobility solutions.”
Mr. Deepak Acharya, CEO, Inox India Limited
“As India intensifies its focus on cleaner and more efficient freight mobility, we look forward to the upcoming Union Budget recognizing LNG as a critical transition fuel for long-haul transportation. While LNG trucks offer significant economic and environmental advantages, their adoption continues to face challenges such as higher upfront vehicle costs, limited refueling infrastructure, and fuel pricing complexities arising from multi-layered taxation.
From the Budget, there is a strong expectation of targeted fiscal measures that can bridge this cost parity gap, including rationalization of GST, accelerated depreciation benefits, and direct purchase incentives for LNG-powered heavy vehicles. Equally important will be policy support to accelerate the development of LNG refueling corridors through viability gap funding, concessional financing, and strategic land allocation along national highways.
A forward-looking Budget that prioritizes uniform taxation, competitive fuel pricing, and infrastructure-led growth can significantly boost LNG adoption across logistics fleets. This will not only reduce freight emissions and operating costs but also strengthen India’s energy security, support domestic manufacturing of cryogenic equipment, and contribute meaningfully to the nation’s long-term decarbonization goals.”
Mr. Rajesh Loomba, CMD, ECOS (India) Mobility & Hospitality Limited
As work patterns evolve and India’s urban workforce becomes increasingly mobile, we expect the upcoming Union Budget to formally recognise organised corporate and employee transportation as a vital productivity enabler. With hybrid work models, late-hour shifts, and business travel on the rise, reliable and compliant chauffeur-driven mobility has become integral to ensuring workforce efficiency, safety, and continuity.From the Budget, there is a strong expectation of policy support that encourages a shift from unorganised transport to technology-led, professionally managed mobility solutions particularly those that prioritise chauffeur training, service standards, and regulatory compliance. At the same time, we look forward to targeted and higher incentives to accelerate the transition to clean mobility in corporate fleets. Incentivising EV adoption in commercial, high-usage fleets where fuel savings and emission reductions per rupee of incentive are significantly higher than private vehicles can deliver faster and more meaningful environmental impact.
A Budget that reinforces road safety, fleet-ready charging infrastructure, and a hospitality-led approach to mobility where customer experience, accountability, and consistency are central will help build a safer, greener, and more resilient corporate mobility ecosystem for India’s future.”
