New Delhi, Feb 1 (BVI) Founder and Chairman of Allcargo Group Shashi Kiran Shetty today said the the Union Budget 2026–27 presents a comprehensive and forward-looking macro framework that addresses near-term growth priorities while signalling a long-term structural overhaul of the economy, firmly anchoring India’s journey towards Viksit Bharat.
“In a world scenario characterized by supply chain disruptions, shifting trade patterns, and fast-paced technological changes, the Government’s six-point intervention plan in the areas of manufacturing, MSMEs, infrastructure, security, and city economic regions provides the foundation for a more inclusive, resilient, and future-ready economy,” he commented.
The sustained focus on infrastructure development, with a proposed public sector capital expenditure of ₹12.2 lakh crore in FY27, reiterates the importance of logistics as a growth driver in India’s development journey, Shetty said.
Schemes such as the development of new national waterways, the coastal cargo scheme, ship repair ecosystems for inland waterways, and the proposed East-West dedicated freight corridor will greatly enhance the multimodal connectivity and cargo productivity, and help lower logistics costs, he observed.
Also, initiatives as the Infrastructure Risk Guarantee Fund will further increase investor and lender confidence, leading to faster implementation of large-scale projects, he added.
“All in all, these initiatives will strengthen further India’s competitiveness in the global economy and increase its integration with the global value chain. The growth-focused announcements demonstrate a clarity of vision to develop capacity, quality infrastructure, and efficient supply chains, which form the foundation of Viksit Bharat,” he said. (BVI)
