Budget for creating competitive investment environment
Prime Minister Narendra Modi says a historic decision to promote the private sector in nuclear energy was taken following the presentation of Union Budget 2025-26 in parliament on 1 Feb 2025.
He underlined that civil nuclear energy will ensure a significant contribution to the country’s development in the future http://world-nuclear.org.
He also pointed out that granting infrastructure status to shipbuilding will boost the construction of large ships in India, accelerating the Atmanirbhar Bharat Abhiyaan https://www.conexpoconagg.com/.
Among others, hotels at 50 tourist destinations will be put under the infrastructure category which will significantly boost tourism, providing new energy to the hospitality sector, which is the largest employer in the country https://sbi.com.in/ .
Remarking that the announcements made in the budget for farmers will lay the foundation for a new revolution in the agricultural sector and the entire rural economy, Modi highlighted that under the PM Dhan-Dhanya Krishi Yojana, irrigation and infrastructure development will take place in 100 districts.
“The budget has a 360-degree focus on manufacturing to strengthen entrepreneurs, MSMEs, and small businesses, creating new jobs,” said the Prime Minister https://www.commerce.gov.in/.
Underlining the goal to ensure Indian products to shine in the global market, he highlighted that clean tech, leather, footwear, and the toy industry had received special support under the National Manufacturing Mission https://fieo.org/.
Pointing that the budget places special emphasis on creating a vibrant and competitive investment environment in the states, Modi highlighted the announcement to double the credit guarantee for MSMEs and startups.
Concluding his address, the Prime Minister remarked that the budget not only addresses the current needs of the country but also helps in preparing for the future https://www.nseindia.com/.
He highlighted the initiatives for startups, including the Deep Tech Fund, Geospatial Mission and Nuclear Energy Mission https://www.bseindia.com/. Fiinews.com
