FIEO praises Budget 2026–27 for MSME support, manufacturing push, trade facilitation and export competitiveness.
The Federation of Indian Export Organisations (FIEO) has warmly welcomed the Union Budget 2026–27, terming it bold, forward-looking and reform-oriented, with a strong focus on strengthening India’s growth momentum and enhancing the global competitiveness of Indian exports, manufacturing and MSMEs.
FIEO President S C Ralhan complimented the Hon’ble Finance Minister and the Government for maintaining fiscal prudence while accelerating infrastructure expansion and trust-based governance. He said the budget provides exporters with a stable and predictable policy environment, energising the trade and investment ecosystem.
Highlighting the manufacturing thrust, Ralhan said the Budget clearly reflects the Government’s resolve to convert India’s economic potential into tangible export performance. He welcomed the focus on 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 sector-specific initiatives, is expected to boost scale, productivity, technology adoption and export readiness.
FIEO also welcomed major trade facilitation measures, including duty exemptions on key inputs, extension of export timelines, recognition of trusted exporters, and clearance of export cargo from factory premises. These steps, Ralhan noted, will significantly reduce transaction costs, improve ease of doing business and strengthen supply-chain efficiency.
Strong support for MSMEs was another key highlight, with FIEO lauding the three-pronged approach comprising a ₹10,000 crore SME Growth Fund, enhancement of the Self-Reliant India Fund, mandatory onboarding of CPSEs on the TReDS platform, and credit guarantee support for invoice discounting. Ralhan said these measures will improve liquidity, enable equity infusion and strengthen professional capacity, helping MSMEs scale up and integrate into global value chains.
The Budget’s renewed emphasis on services, including IT, medical value tourism, education, design, sports and the care economy, supported by safe harbour provisions and greater tax certainty, was also welcomed. FIEO added that continued public capital expenditure on logistics corridors, waterways and energy security will help reduce logistics costs and reinforce India’s position as a global manufacturing and services hub.
Expressing confidence in the Budget’s direction, Ralhan said Union Budget 2026–27 lays a strong foundation for achieving the vision of Viksit Bharat, balancing growth, inclusion and fiscal discipline, while sending a positive signal to global markets about India’s credibility as a resilient and attractive trade and investment destination.
Source: PR
