The Union Budget 2025 has been met with optimism across industries, with business leaders lauding its progressive reforms, focus on technological innovation, and commitment to sustainability. From AI-driven advancements and semiconductor manufacturing to clean energy investments and digital infrastructure expansion, the budget sets a forward-looking roadmap for India’s economic growth. Industry experts see it as a transformative milestone, unlocking new opportunities for the security, AI, power, and cloud sectors while reinforcing the ‘Make in India’ and Digital India initiatives. Here’s how key stakeholders from different industries perceive the impact of the budget on their respective sectors.
Mr. Ashish P. Dhakan, MD & CEO, Prama Hikvision India Pvt. Ltd.
“We welcome the progressive Union Budget 2025-2026, which has a future roadmap to steady reforms. It has a booster dose for India’s technology ecosystem. This is a growth-oriented budget with significant relief for the middle class. The Union Budget has sparked interest in the video security industry and its key stakeholders. The key announcements and provisions relevant to the video security industry are getting positive feedback.
The budget proposes establishing a Centre of Excellence in Artificial Intelligence for education, with an outlay of ₹500 crore. This initiative could have positive implications for AI-powered video security solutions. The Union Budget aims to boost domestic semiconductor manufacturing through incentives and investments. This could lead to advancements in video security technology, such as improved camera sensors and processing capabilities. The budget proposes exempting customs duties on critical minerals, including lithium-ion battery scrap, which could benefit the manufacturing of security devices. The budget plans to expand broadband connectivity to rural schools and health centers, which could create new opportunities for video security solutions in these areas. The incentives for ‘Make-in-India’ initiatives can help the electronic security industry to expand and grow further.”
Mr. Sarvagya Mishra, Founder & Director at Superbot
“The Union Budget 2025 announcement has touched upon pivotal aspects to push the next wave of growth in India. We particularly commend the announcement of the Centre of Excellence for AI In Education, to be established with an outlay of INR 500 CR. Furthermore, the move to set up the Deeptech Fund of Funds and establish 5 new IITs after 2015, is another significant move, directed at boosting innovation in the space of AI and Tech. We commend the budget for its forward-looking measures and look forward to contributing towards India’s emergence as a global leader in the space of AI, Tech, and Innovation.”
Mr. Praveen Kakulte, CEO, Powercon Group
“The Budget 2025 marks a crucial turning point in advancing India’s clean energy goals. The strong focus on capacity building through National Centers of Excellence of Skilling across the country is a vital step to equip the nation with the specialized skills and deep domain expertise needed to build advanced power plants and optimize energy extraction. This commitment will play a key role in achieving India’s Clean Power target of 500 GW by 2030 while maintaining cost efficiency.
With a clear roadmap in place, this budget sets the stage for India to ‘generate more GWh of energy from every installed GW of power,’ driving not only energy efficiency but also contributing to a greener, more sustainable future for generations to come. It’s an investment in both the workforce and the future of India’s energy landscape”.
Manoj Paul, Managing Director, India, Equinix
“India has emerged as a critical hub for digital interconnection and data creation and exchange, not only within South Asia but also on the global stage. With the government’s ambitious initiatives under the Digital India program like Empanelment of Agencies for Cloud-Based AI Services to democratize access to essential AI infrastructure and ensure global competitiveness through innovation and the recently unveiled priorities in the budget , such as, National Centers of Excellence for skilling in AI for education in the Union Budget 2025. This initiative will contribute to the development of innovative, automated and scalable digital technologies to improve the digital infrastructure resilience. Equinix is proud to play a pivotal role as the digital backbone enabling India’s transformation into a global digital leader.
As one of the fastest-growing digital economies, India is home to a burgeoning internet user base of over 900 million with rapid adoption of digital services and an expanding network of enterprises embracing cloud and digital-first strategies. Our continued commitment to investing in state-of-the-art data center infrastructure across key markets like Mumbai, Chennai, and beyond, with interconnection services for efficient hybrid multi cloud adoption and easy deployment of infrastructure in over 73 metros worldwide enabling Indian enterprises to reach to markets beyond India and MNCs to expand into India, position’s Equinix to support the nation’s vision of creating a robust and interconnected digital ecosystem
We welcome the government’s forward-thinking initiative to develop small modular reactors, a pivotal step toward enhancing India’s energy security, sustainability, and industrial self-reliance. This investment will not only drive economic growth but also position India as a leader in advanced clean energy solutions. At Equinix, we are committed to supporting this transformative journey by fostering energy innovation and efficiency, ensuring a resilient and sustainable digital infrastructure for the nation’s future.”
Subhasis Majumdar, Managing Director, Vertiv
“The Union Budget 2025 marks a transformative milestone in India’s journey towards becoming a global leader in manufacturing, technology, and innovation. We welcome the Government’s renewed focus on manufacturing through the National Manufacturing Mission, a key initiative that positions India to lead on the global stage. By focusing on building domestic capacities, integrating into global supply chains, and forming industry facilitation groups, this mission is set to significantly boost businesses and propel the ‘Make in India’ vision forward. Moreover, the integration of Industry 4.0 will unlock new opportunities by harnessing the immense potential of our youth’s skills and talent, laying the foundation for a more competitive, self-reliant India.
The Budget’s commitment to transformative reforms, particularly in the power sector, aligns perfectly with India’s ambition to enhance its global competitiveness. These efforts, coupled with a modern regulatory framework and a continued focus on ease of doing business, are vital to creating an environment where innovation and enterprise can flourish. This is a win for domestic production, a leap toward a greener future, and an essential step in establishing India as a global economic powerhouse.
Furthermore, the strategic investment in skilling, AI, and technological innovation is a testament to India’s commitment to nurturing talent and maintaining its edge in the digital revolution. The establishment of National Centres of Excellence for skilling and the PM Research Fellowship scheme for IITs and IISc will ensure India remains at the forefront of global advancements in AI and deep tech. As we move forward, this budget sets the stage for a more dynamic, inclusive, and innovation-driven India—ready to lead the world in the digital and technological age.”
