India, Feb. 1 -- As anticipated by experts, the manufacturing industry received a significant boost from the central government during the Union Budget 2025-26 on Saturday (February 1).

Whether it's the proposal to introduce a National Manufacturing Mission, benefitting cleantech manufacturing and MSMEs or an exemption of basic customs duty (BCD) in some critical materials used in lithium-ion (Li-ion) batteries, the Nirmala Sitharaman-led 8th consecutive budget gave some much-needed boost to various most sectors in manufacturing.

"Our Government will set up a National Manufacturing Mission covering small, medium and large industries for furthering 'Make in India' by providing policy support, execution roadmaps, governance and monitoring...