Reacting to the Union Budget 2026, K. L. Bansal, Chairman and Managing Director of DEE Development Engineers, said the budget clearly reflects continued support for sectors that require long-term capital investment and extended planning horizons. He noted that alongside emerging areas such as alternative and clean fuels, the budget also gives equal emphasis to strategic sectors like nuclear energy and steel.
Bansal emphasized that policy stability and public investment are crucial for industries with long execution cycles. Such measures provide companies the confidence to plan capacity expansion, deepen localisation, and strengthen domestic manufacturing capabilities. He also welcomed the announced customs reforms, particularly the automated, trust-based clearance system and simplified compliance processes, which will ease operations in the manufacturing sector and reduce transaction timelines.
Commenting on the budget’s approach to the energy transition, he said it appears balanced and pragmatic. Clean energy solutions such as biomass and waste-to-energy not only help reduce emissions but also promote rural income generation and decentralized energy availability. When these solutions are combined with nuclear energy’s stable, low-carbon baseload capacity and the steel sector’s role in infrastructure development, it creates a comprehensive energy and manufacturing ecosystem.
Bansal added that aligning policy intent with industry requirements, along with improved ease of doing business, will help attract long-term investments, enhance domestic competitiveness, and support sustainable and stable growth in the sector.
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