Budget 2026: What Vibhor Steel Tubes, PTC India, and others expect for infra and manufacturing sectors

Vibhor Steel Tubes

Vijay Kaushik, Chairman and Executive Director of Vibhor Steel Tubes, said that the Union Budget 2026-27 is a crucial opportunity to reinforce India’s manufacturing and infrastructure growth agenda.

The government’s continued thrust on infrastructure development through increased spending, particularly across oil, gas, water, sewage, telecom, and urban development, will drive sustained demand for quality steel tubes and pipes.

"We also look forward to measures that enhance domestic steel consumption, curb illegal imports, and support MSME manufacturers through easier access to credit and rationalise input costs," Kaushik added.

"Policy support for technology upgradation, energy efficiency, and simplified compliance will further strengthen the competitiveness of Indian manufacturers and enable the sector to contribute meaningfully to employment generation and long-term economic growth," the chairman added.

EMS Ltd

Ramveer Singh, Chairman, EMS Ltd, said the infrastructure sector is set to play a pivotal role in India’s ambition towards becoming a $5 trillion economy.

Accelerating investments in core urban infrastructure, particularly water supply, sewerage, and wastewater treatment, will help boost the sector, giving a fillip to overall growth in the economy.

Enhanced budgetary allocation for water and sanitation projects, along with faster execution under schemes like AMRUT and Jal Jeevan Mission, will be critical to strengthening public health outcomes and urban resilience.

"We expect the government to incentivise PPP models, with an emphasis on improved efficiency for the entire process and streamlined compliance mechanisms to enable faster project delivery," Singh added.

A clear and sustained emphasis on facilitating infrastructure development will help ensure economic growth and create long-term environmental and social value, Singh said.

PTC India Limited

Dr Manoj Jhawar, CMD, PTC India Limited, says that the forthcoming Union Budget presents a critical opportunity to reinforce India’s power market reforms as the country scales up renewable energy and transitions towards a more market-driven electricity ecosystem.

A greater emphasis on robust power trading frameworks, the expansion of green and real-time markets, and the faster rollout of transmission and storage infrastructure will be key to balancing reliability with sustainability.

"Policy measures that enhance liquidity, transparency, and long-term visibility in power markets will not only support grid resilience but also accelerate investments across the value chain, enabling India to meet its energy transition and economic growth objectives in a sustainable manner," the CMD added.

Concord Control Systems

Nitin Jain, Joint Managing Director, Concord Control Systems, said, “As we approach the Union Budget FY27, the Indian rail and mobility ecosystem stands at a critical inflection point where scale, safety, and sustainability must advance together. Continued and enhanced capital allocation towards railway modernisation, indigenous technology development, and next-generation propulsion systems will be essential to meet India’s long-term freight and passenger mobility goals."

Focused support for safety-critical systems, automation, and digitalisation will further strengthen operational efficiency across the rail network.

From an industry perspective, targeted incentives for domestic manufacturing of high-value electronics, embedded systems, and clean mobility solutions, along with support for hydrogen and alternative energy adoption, will accelerate innovation while reducing import dependence, Jain added.

"Policy clarity on long-term procurement, faster approvals for advanced technologies, and strengthened R&D incentives will enable companies like ours to invest with greater confidence in globally competitive solutions developed in India," Jain said.