“As we approach the announcement of the Fiscal Budget 2024-25, we expect that the government will further prioritise infrastructure development and promote measures that boost regional manufacturing under the made-in-Indian theme. Furthermore, we anticipate efforts to promote digitalisation for inclusive growth.

Our expectations from the forthcoming budget 2024-25 revolve around creating advancement in the technological landscape and stimulating innovation in the electrical industry. This will provide opportunities for companies like us to extend our product offerings and enter new segments and geographies. We also hope to see more incentives for R&D in the sector, as well as initiatives to address any industry-specific difficulties, such as supply chain interruptions or rising raw material costs. In general, we believe that a budget focused on these areas will benefit not only the electrical industry but will also contribute to the country’s general economic growth.