Kerala Business Community Welcomes Union Budget: Focus on MSMEs, Infrastructure, and Exports

• FICCI Kerala State Council praises Union Budget for benefiting MSME and service sectors, highlighting schemes for rare-earth processing, electronic components, and textile parks.
• Tax reforms to boost manufacturing and reduced duties for key export segments are noted as significant announcements.
• A 10,000-crore SME growth fund is expected to greatly benefit MSMEs, alongside commendable schemes for the service sector and tax reforms.
• Adeeb Ahamed of LuLu Financial Holdings sees the budget as reflecting stability, easing participation for NRIs and overseas investors, but notes Kerala's limited direct mention.
• CII Kerala Chairman VKC Razak calls the budget forward-looking, strengthening macroeconomic stability, boosting public investment, and supporting industry for Viksit Bharat vision.

Why It Matters: Kerala's business community largely welcomes the Union Budget, citing benefits for MSMEs, infrastructure, and exports.