The Federation of Indian Export Organisations (FIEO) warmly welcomes the Union Budget 2026ndash27 and compliments the Government for presenting a bold, forward-looking, and reform-oriented Budget that significantly strengthens Indiarsquos growth trajectory while decisively enhancing the global competitiveness of Indian exports, manufacturing and MSMEs. Commenting on the Budget, Mr S C Ralhan, President, FIEO, expressed his appreciation to the Honrsquoble Finance Minister and the Government for their continued commitment to sustained economic growth, fiscal prudence, infrastructure expansion and trust-based governance. He noted that these measures will further energise the trade and investment ecosystem and provide exporters with a stable and predictable policy environment. ldquoThe Union Budget 2026ndash27 clearly demonstrates the Governmentrsquos resolve to translate Indiarsquos economic potential into tangible performance. The strong thrust on manufacturing, MSMEs, infrastructure and servicesmdashbacked by meaningful tax and customs reformsmdashwill enable Indian exporters to integrate more deeply and competitively with global value chains,rdquo Mr Ralhan said. FIEO particularly appreciates the Governmentrsquos focused approach towards strengthening domestic manufacturing in high-value and strategic sectors such as electronics, semiconductors, biopharma, textiles, chemicals, aircraft components, construction equipment and rare earth magnets. The proposed revival of 200 legacy industrial clusters, along with multiple sector-specific initiatives, is expected to improve scale, productivity, technology adoption and export preparedness. Industry, Mr Ralhan said, stands ready to actively leverage these initiatives to expand Indiarsquos export footprint. Welcoming the trade facilitation measures, Mr Ralhan noted that duty exemptions on key inputs, extension of export timelines, recognition of trusted exporters and clearance of export cargo from factory premises will significantly reduce transaction costs, improve ease of doing business and enhance supply-chain efficiency. ldquoThese reforms will directly strengthen exporter confidence and competitiveness,rdquo he added. The FIEO President also lauded the Governmentrsquos strong and well-calibrated support for MSMEs through a three-pronged approach encompassing the ₹10,000 crore SME Growth Fund, enhancement of the Self-Reliant India Fund, mandatory onboarding of CPSEs on TReDS, and credit guarantee support for invoice discounting. ldquoMSMEs are the backbone of Indiarsquos export ecosystem. The Budgetrsquos focus on liquidity support, equity infusion and professional capacity-building will empower MSMEs to scale up, innovate and evolve into global champions,rdquo Mr Ralhan said. FIEO further welcomed the renewed emphasis on the services sectormdashincluding IT, medical value tourism, education, design, sports and the care economymdashsupported by safe harbour provisions and greater tax certainty. These measures, coupled with continued public capital expenditure on logistics corridors, waterways and energy security, will reduce logistics costs and further strengthen Indiarsquos position as a global services and manufacturing hub. Expressing confidence in the Budgetrsquos direction, Mr Ralhan said that the Union Budget 2026ndash27 lays a robust foundation for achieving the vision of Viksit Bharat, balancing growth, inclusion and fiscal discipline. ldquoThe Budget sends a strong and positive signal to global markets and reinforces Indiarsquos credibility as a reliable, resilient and attractive trade and investment destination. Indian industry and exporters are fully committed to partnering with the Government in maximising the benefits of these initiatives and accelerating export-led growth,rdquo

Fieo Applauds Union Budget 2026 27