01 Feb 2026


This is a link-enhanced version of an article that first appeared in Livemint
Article Overview:
This article talks about how the Union Budget 2026 continued to push the pedal for localization within the Indian manufacturing sector despite global headwinds.
Our Partner, Delano Furtado, Corporate, shared his perspective. Here’s what he had to say:
“The Budget’s focus on high-value manufacturing — including semiconductors, electronics, chemicals, textiles, and rare earth magnets — strengthens India’s production base in sectors that stand to gain preferential market access under the recently announced India–EU FTA, in which over 99% of Indian exports by trade value receive preferential conditions in the EU market.”
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