Karthik sees opportunities for Indian pump manufacturers
The government’s commitment to the Nuclear Power Mission with a strong emphasis on indigenization is set to open new avenues for Indian industries, including the pump manufacturing sector, believes K.V. Karthik, President of the Indian Pump Manufacturers Association (IPMA) http://world-nuclear.org.
“With these visionary initiatives, we anticipate increased investments, technological advancements, and greater self-reliance in critical sectors,” said Karthik, welcoming the Union Budget 2025-26 which listed the Nuclear Power Mission among initiatives to driving the economic growth https://www.makeinindia.com/home/.
Hailing Budget 2025-26 as a progressive and forward-looking financial plan that will significantly benefit the pump manufacturing sector, he noted the government’s strong focus on agriculture, water infrastructure, and indigenous industrial development presents substantial growth opportunities for Indian pump manufacturers https://www.nseindia.com/.
“The increase of Kisan Credit by Rs.2 lakh will directly spur demand for agricultural pumps, benefiting farmers and the industry alike,” said Karthik https://www.bseindia.com/.
“Additionally, the extension of the Jal Jeevan Mission to 2028 will create sustained business opportunities, ensuring a continued push for water accessibility across the nation.”
IPMA, he said, remains committed to supporting these national objectives by delivering world-class pump solutions to meet India’s growing demands across agriculture, water infrastructure, and energy sectors. fiinews.com
