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Monday, February 3, 2025

Industry Reactions to Union Budget 2025-26


Arun Awasthy, President & Managing Director, Johnson Controls India

“The Union Budget 2025 marks a decisive step forward in strengthening urban infrastructure, manufacturing, and public-private partnerships (PPPs), all of which are critical to India’s long-term economic growth. The establishment of a three-year pipeline of PPP projects, along with ₹1.5 lakh crore in interest-free loans for state-led infrastructure development, signals the government’s commitment to sustained private sector participation in nation-building.

With urbanization on the rise, the focus on modernizing cities and enhancing infrastructure resilience is more important than ever. However, for these investments to create a lasting impact, integrating energy efficiency, smart building solutions, and climate-conscious urban planning into large-scale projects is essential. The ₹1,500 crore allocation to solar grid development reinforces India’s commitment to green energy, and ensures that India’s economic growth is realised in alignment with our sustainability goals, and rendered future proof.

The government’s emphasis on strengthening rural infrastructure and promoting vocational skilling, will enable industries to flourish beyond urban centers, creating balanced, regional growth. Furthermore, The National Manufacturing Mission is a game-changer for India’s self-reliance, focusing on clean-tech manufacturing and bolstering industrial growth. This, combined with the expansion of aviation infrastructure, ensures that India is poised for greater global integration.

As India moves towards a sustainable and connected future, the key will lie in seamless implementation. At Johnson Controls India, we are committed to working alongside stakeholders to drive forward-looking, sustainable infrastructure that powers India’s growth story.”

 

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