FICCI President Anant Goenka: Budget Boosts Private Capex in 7 Key Sectors

• FICCI President Anant Goenka states the Union Budget's focus on seven strategic sectors will stimulate private capital expenditure.
• Goenka highlights increased capacity utilization and consumer relief from tax cuts as factors boosting private capex.
• The Budget aims to make India a global manufacturing hub, focusing on Biopharma, Semiconductors, and Textiles among others.
• Key initiatives include Biopharma SHAKTI (₹10,000 cr), India Semiconductor Mission 2.0, and increased outlay for Electronics Components Manufacturing (₹40,000 cr).
• Proposals also include Rare Earth Corridors, a Container Manufacturing Scheme (₹10,000 cr), and tax holidays for foreign data center investments.

Why It Matters: The Union Budget's strategic focus on seven key sectors is set to significantly boost private capital expenditure in India.