Budget Lacks Direct Incentives To Promote Domestic Manufacturing

The Budget 2025-26 focuses heavily on improving logistics infrastructure, with investments in multimodal parks that could reduce transportation costs and enhance market access for the construction materials sector.

The push for PLI schemes and infrastructure growth presents a positive long-term outlook, potentially increasing demand for construction materials.

However, the Budget lacks direct measures to protect or promote domestic manufacturing in the construction sector, particularly against rising imports of cement-based products.

While infrastructure improvements are welcome, more targeted relief, such as increased tariffs on imports or incentives for local producers, would have strengthened the support for in-house manufacturing."