India’s technology and engineering sector is eagerly anticipating Union Budget 2025, expecting measures that will accelerate the country’s industrial and economic growth. Warren Harris, CEO and MD of Tata Technologies, emphasized the need for innovation-focused policies to achieve India’s $5 trillion economy target.
Harris highlighted the importance of prioritizing smart manufacturing, AI, digital transformation, and software-defined vehicles (SDVs). “Key growth drivers require strong government backing through incentives for R&D, skill development, and infrastructure enhancement,” he said. He also called for increased allocation toward upskilling programs aligned with Industry 4.0, preparing a workforce adept in advanced technologies such as AI, IoT, and cybersecurity.
Sustainability and green mobility remain critical areas of focus. Harris advocated for policies that promote electric vehicle (EV) adoption, manufacturing, and clean energy solutions, alongside streamlined GST norms and enhanced PLI schemes for high-tech manufacturing and software services.
He stressed that fiscal incentives for exporting engineering and technology solutions could bolster India’s global competitiveness. Initiatives like Make-in-India and Engineer-in-India, Harris noted, are vital for attracting foreign investment and achieving self-reliance.
“At Tata Technologies, we believe a collaborative effort between industry and government is pivotal for achieving self-reliance, sustainable growth, and technological excellence,” Harris added. With Union Budget 2025 approaching, expectations are high for policies that empower India to lead in the global technology landscape.
