Category: News Desk

  • Beyond Key Earns Microsoft Fabric Featured Partner Recognition

    Piyush Goel, Founder & CEO of Beyond Key, says the recognition validates the company’s long standing expertise in delivering AI ready analytics solutions on Microsoft Fabric

    Beyond Key, a global technology solutions company, has been recognised as a Microsoft Fabric Featured Partner, marking a significant endorsement of its capabilities in delivering end to end, AI ready analytics solutions using Microsoft Fabric. The recognition reflects Beyond Key’s long standing role as a Microsoft Solutions Partner with established expertise across modern data and analytics environments.
    Microsoft Fabric is designed as a unified data platform that enables organisations to manage data movement, ingestion, processing, transformation, real time event handling, and reporting through a single integrated experience supported by OneLake. Beyond Key delivers solutions built on Microsoft Fabric to help organisations connect previously disconnected data sources and improve insight delivery timelines using built in artificial intelligence tools, including Copilot.

    Clients leveraging Microsoft Fabric through Beyond Key gain improved efficiencies across cloud computing, data analysis, and generative artificial intelligence use cases. These capabilities are being applied across sectors such as manufacturing, healthcare, insurance, and non profit organisations.
    “It’s an honor to have been named a Microsoft Fabric Featured Partner,” said Piyush Goel, Founder & CEO of Beyond Key. “To have this level of validation for the strength of our analytical capabilities and the value we bring to our customers is fantastic. In terms of being a Featured Partner in Microsoft Fabric, this resolve of theirs to try to unify all their different services together does resonate along our lines of making things simpler and allowing people to work better together.”

    In addition to its team of certified professionals, Beyond Key actively delivers Microsoft Fabric solutions through specialists in data ingestion and unification, governance, scaling and warehousing, real time analytics, and business intelligence. This delivery capability allows organisations to reduce data complexity, minimise tool sprawl, and pursue innovation without unnecessary operational overhead.
    With a workforce of more than 325 domain experts across Microsoft 365, including SharePoint and Power Platform, Dynamics 365, modern data warehousing, business intelligence, cloud computing, and artificial intelligence, Beyond Key continues to work closely with clients through iterative engagement models focused on measurable, real world outcomes.

    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedInInstagram, and YouTube for more stories that matter.
  • ₹600 crore vehicle from IIT Madras targets the long road from lab to market

    Dr V Kamakoti, Director of Indian Institute of Technology Madras, and Bhaskar Majumdar, Managing Partner at Unicorn India Ventures, say the fund will support IP-led deep tech startups through long development cycles

    Chennai, 6 February 2026: IIT Madras Research Park and Unicorn India Ventures have come together to create a ₹600 crore deep tech investment vehicle, with an additional ₹400 crore greenshoe option, aimed at supporting engineering-heavy startups that require extended timelines to move from research to commercial deployment.
    The fund, titled IITM Unicorn Frontier Fund I, has been structured as a 10 plus 2 year vehicle and is designed to provide long-horizon capital for startups operating in areas such as robotics, space technology, defence technology, semiconductors, MedTech, and other IP-led sectors aligned with national strategic priorities.

    The investment strategy will focus on building a portfolio of more than 25 companies. Average first cheque sizes are expected to be in the ₹8–10 crore range. A large portion of the fund will be deployed at early stages, targeting companies that have reached Technology Readiness Levels (TRL) 3 to 4, with follow-on capital reserved for companies progressing through later stages of validation and scale-up.
    A significant share of the investments will be drawn from the IIT Madras ecosystem, while the balance will be allocated across the wider Indian deep tech landscape. Around 60 percent of the corpus will be deployed toward initial investments, with the remaining 40 percent reserved for follow-on rounds to ensure portfolio companies are not constrained by capital during early commercialisation phases.

    V Kamakoti, Director of IIT Madras, said science and technology will play a central role in India’s long-term growth trajectory and its ambition of achieving Viksit Bharat by 2047. He said reducing dependence on imported technologies and strengthening domestic capabilities in areas such as semiconductors, defence technology, quantum systems, and advanced engineering remains a national priority, and the fund represents a logical extension of IIT Madras’ long-standing work in this direction.
    Natarajan Malupillai, Group CEO of IIT Madras Research Park, said India’s deep tech ecosystem is entering a phase where sustained R&D investment, supportive policy frameworks, and entrepreneurial ambition are converging. He said the partnership is intended to help mission-driven startups scale responsibly while strengthening India’s innovation and entrepreneurship culture.

    Bhaskar Majumdar, Managing Partner at Unicorn India Ventures, said the firm’s experience in backing early-stage deep tech companies positions it to manage the fund through long development cycles. He said the availability of patient capital, coupled with access to industry networks and follow-on funding, will be critical in helping founders navigate the transition from validated technology to market adoption.
    Unicorn India Ventures will act as the fund manager and will also mobilise co-investment capital through its network of institutional investors, family offices, and high-net-worth individuals. Fundraising efforts will include participation from IIT Madras alumni as well as Unicorn India Ventures’ global limited partner base.
    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedInInstagram, and YouTube for more stories that matter.
  • Rohit Kumar Singh on How the India EU Free Trade Agreement Could Change the Nature of India’s Exports

    Rohit Kumar Singh, PhD in Economics and PMP certified policy and trade professional, writes that tariff parity, rules of origin, and investment incentives under the India EU trade agreement could shift India away from cost based exports toward deeper value creation.

    India’s trade relationship with Europe has long been significant, but rarely transformative. Bilateral trade stood at about 136.5 billion dollars in 2024 25, with Indian exports accounting for 75.85 billion dollars. Yet scale alone has not delivered structural change. What India exports to Europe, and how those exports are positioned, has remained largely unchanged for years. This is why the India EU Free Trade Agreement deserves close attention. Not as a trigger for an immediate export surge, but as a framework that could alter the character of India’s export growth.
    The composition of India’s exports to the EU highlights the challenge. Petroleum products dominate, driven more by refining arbitrage than domestic value addition. Textiles, auto components, and pharmaceuticals follow, but largely in segments where India competes on cost. Cost based competitiveness is fragile. It depends on tariff differentials, currency movements, and wage gaps that can narrow quickly, leaving exporters exposed.

    The textile sector illustrates this clearly. Indian apparel exports to the EU face tariffs ranging from 12 to 16 percent, while competitors such as Bangladesh and Vietnam benefit from preferential or zero duty access. Despite scale and experience, India struggles to expand its market share. In leather and footwear, India accounts for only about 3 percent of EU imports, a modest outcome for a country with a large manufacturing base.
    The Free Trade Agreement directly alters this equation. By eliminating or reducing tariffs on 99.3 percent of India’s exports to the EU by value, it removes a structural disadvantage that has persisted for years. In textiles alone, more than 70 percent of tariff lines, covering over 90 percent of India’s textile exports, receive immediate duty elimination. This is not merely a pricing adjustment. It reshapes the investment decisions firms are willing to make.

    Thin margins encourage conservative behaviour. Firms continue producing familiar, lower value products even if it traps them in commoditised segments. Duty free access creates room to move into higher quality categories such as technical textiles, man made fibre apparel, and sustainability linked fabrics that were previously difficult to justify.
    A similar shift is possible in chemicals and pharmaceuticals. The EU pharmaceutical and medical products market exceeds 570 billion dollars. Indian firms already participate, but tariffs that reach up to 22 percent in some chemical categories have limited expansion into more complex products. Tariff elimination improves margins and lowers the cost of importing European intermediates, making process upgrades commercially viable.

    Engineering goods and auto components may see the most consequential impact. India exports engineering goods worth about 16.6 billion dollars annually, while the EU import market exceeds 2 trillion dollars. Europe already absorbs a large share of India’s auto component exports, yet suppliers remain concentrated in relatively simple parts. Removing tariffs of up to 22 percent makes it economically sensible to move into higher value assemblies, electronics, and electric vehicle systems.
    What distinguishes this agreement is not tariff relief alone, but its rules of origin. Preferential access is tied to substantial transformation within India, ensuring real domestic value addition rather than simple routing of imports. At the same time, flexibility for sectors dominated by small enterprises reflects supply chain realities.

    Cumulation provisions further strengthen the framework by allowing manufacturers to source inputs from partner countries while retaining preferential access, provided final processing occurs in India. This aligns with the reality of modern manufacturing, where supply chains are regional rather than purely national.
    Investment effects could compound these gains. Manufacturing foreign direct investment into India reached 19.04 billion dollars in financial year 2024 25, an 18 percent increase compared to the previous year, with cumulative manufacturing investment exceeding 165 billion dollars over the past decade. European firms have often hesitated to scale manufacturing in India because component tariffs made phased localisation unattractive. Zero duty access lowers this barrier and encourages gradual localisation.
    Employment outcomes follow structure. Textiles, leather, and food processing together employ over 80 million people. Restoring tariff parity helps protect these jobs while opening pathways to higher value activities. Small and medium enterprises, which account for nearly all manufacturing units, stand to benefit from deeper supply chain integration. Complementary initiatives such as the production linked incentive scheme strengthen this linkage between exports and domestic manufacturing.
    None of this will happen automatically. European markets remain demanding. Without faster regulatory alignment, stronger testing infrastructure, and better enterprise capability, tariff advantages could be offset by non tariff barriers. The agreement removes an external constraint. Domestic policy must now address the internal ones.
    Handled well, the India EU Free Trade Agreement can quietly change the nature of India’s exports. Not by chasing volumes, but by deepening value. That is where durable growth lies.
    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedInInstagram, and YouTube for more stories that matter.
  • Instant delivery becomes an operations priority as SuperYou retools fulfilment systems

    Co-founder Nikunj Biyani says backend consolidation is critical as the brand scales across e-commerce and quick commerce platforms

    Mumbai, 5 February 2026: SuperYou has strengthened its operational backbone as it scales across e-commerce and quick commerce channels, adopting technology-led fulfilment systems to manage rising demand for instant and same-day deliveries. The consumer nutrition brand, co-founded by Ranveer Singh and Nikunj Biyani, has partnered with Unicommerce to centralise order and inventory management across platforms.
    As part of this move, SuperYou has implemented Unicommerce’s flagship platform, Uniware, to manage operations across quick commerce platforms, online marketplaces, and its direct-to-consumer website. The system enables the brand to operate through a single dashboard with real-time visibility into orders, inventory positions, and warehouse workflows.

    The shift reflects the operational complexity faced by digital-first brands as quick commerce becomes a key growth channel. Uniware’s order management and warehouse management capabilities are expected to help SuperYou coordinate fulfilment across multiple touchpoints while maintaining speed and consistency in customer experience.
    The platform will also centralise returns management, offering greater control over reverse logistics across marketplaces, quick commerce platforms, and the brand’s own website. According to the company, this will streamline reconciliation, reduce manual processes, and support scale as transaction volumes increase.

    Commenting on the development, Nikunj Biyani, Co-founder of SuperYou, said that as a digital-first brand, having a reliable and unified operations backbone is essential while expanding across fast-moving commerce channels. He said the integrated system allows the team to manage fulfilment more efficiently while supporting a consistent customer experience.
    Kapil Makhija, Managing Director and Chief Executive Officer of Unicommerce, said consumer brands are increasingly rethinking how commerce operations are run as expectations around delivery speed and convenience rise. He said scalable, technology-driven infrastructure is becoming central to managing multi-channel fulfilment at scale.

    The partnership highlights a broader shift among emerging consumer brands toward investing in backend systems that support rapid fulfilment, tighter delivery timelines, and operational discipline across fragmented commerce ecosystems.
    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedInInstagram, and YouTube for more stories that matter.

  • Strong execution drives 77 percent revenue growth in Q3 FY26 at DEE Development Engineers

    Operating EBITDA rises sharply to ₹47.6 crore as improved utilisation and order inflows support profitability turnaround

    Mumbai, 3 February 2026: DEE Development Engineers Limited announced its financial results for the quarter and nine months ended 31 December 2025, reporting a strong improvement across revenue, operating profitability, and earnings, supported by healthy execution momentum in its core piping and fittings business.
    Revenue from operations for Q3 FY26 stood at ₹286.7 crore, marking a year on year increase of 77 percent compared with ₹162 crore in the corresponding quarter of the previous year. Sequentially, revenue grew 6.2 percent from ₹270 crore in Q2 FY26. For the nine month period ended December 2025, revenue rose 44.3 percent year on year to ₹780.4 crore.

    Operating EBITDA for the quarter increased sharply to ₹47.6 crore from ₹5.7 crore in Q3 FY25, reflecting year on year growth of 740.9 percent. Operating EBITDA margin expanded to 16.6 percent from 3.5 percent a year earlier, driven by operating leverage, higher execution levels, and improved capacity utilisation. For the nine month period, operating EBITDA stood at ₹127.6 crore with a margin of 16.3 percent.
    Profit after tax for Q3 FY26 was reported at ₹18.6 crore, compared with a loss of ₹13.3 crore in the same quarter last year. For the nine month period, profit after tax increased to ₹49.5 crore from ₹12.1 crore in 9M FY25. Diluted earnings per share for the quarter stood at ₹2.7.

    During the quarter, the company received new order inflows of ₹251 crore, underscoring sustained demand from the power sector. As of 31 December 2025, the closing order book stood at ₹1,302.73 crore, providing strong visibility for execution in the coming quarters.
    DEE Development Engineers recorded a one time operational impact of ₹4.2 crore during Q3 FY26 due to the implementation of India’s new labour codes. Despite this impact, the company reported healthy profitability, supported by scale benefits and operating efficiencies. Excluding this adjustment, operating EBITDA and margins for the nine month period would have been higher.

    Commenting on the performance, Krishan Lalit Bansal, Chairman of DEE Development Engineers Limited, said, “During Q3 FY26, we delivered a strong set of operating and financial results, with healthy growth in revenue, Operating EBITDA, and PAT, driven by robust execution in our pipe and fitting segment catering to the oil and gas sector. At a macro level, India’s capital expenditure cycle is gaining momentum across infrastructure, energy, and industrial segments, supporting demand for project execution and capacity expansion.”
    He added that while the new labour codes resulted in a one time accounting impact during the quarter, the changes are expected to support workforce resilience and employee security over time.

    In the core business excluding the power generation division, the Anjar Pipe Fabrication Unit, which commenced operations in September 2025, was fully operational during the quarter and benefited from rising utilisation levels, supporting margin expansion. The Anjar Seamless Pipe Plant remains on track for commercialisation in the current quarter, which is expected to further strengthen execution capacity in high growth segments.
    In the non core power generation segment, tariff revision matters remain under litigation, and the company is pursuing restructuring initiatives aimed at improving long term sustainability and operational efficiency.
    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedInInstagram, and YouTube for more stories that matter.
  • Power Trading Hits Record High as Indian Energy Exchange Clocks 13,050 MU in January 2026

    Indian Energy Exchange reports 19.6% year-on-year growth in traded volumes, strong Real-Time Market performance and lower DAM and RTM prices amid improved power supply liquidity

    Indian Energy Exchange recorded its highest-ever monthly electricity traded volume in January 2026, with total volumes reaching 13,050 million units, marking a 19.6% increase compared to the same period last year. During the month, a total of 23.91 lakh Renewable Energy Certificates were also traded on the exchange.
    According to government data released in January 2026, India’s overall energy consumption stood at 142.74 billion units, reflecting a year-on-year increase of 3.8%. Higher availability of power from hydro, wind and solar sources, combined with sustained coal-based generation, led to improved supply liquidity on the exchange platform. This resulted in a notable decline in market prices across segments. The market clearing price in the Day Ahead Market averaged ₹3.86 per unit during the month, lower by 12.9% year-on-year, while the Real Time Market price averaged ₹3.72 per unit, a decline of 15.9% compared to January 2025.

    The lower prices enabled distribution companies as well as commercial and industrial consumers to meet demand at more competitive rates and replace higher-cost power through exchange-based procurement.
    In the electricity market segments, the Day Ahead Market achieved traded volumes of 6,182 million units in January 2026, compared with 6,015 million units in January 2025, registering a growth of 2.8% year-on-year. The Real Time Market recorded a sharp increase, with volumes rising to 4,638 million units from 3,036 million units a year earlier, reflecting a 52.8% year-on-year growth.

    The Day Ahead Contingency and Term Ahead Market, which includes contingency, daily, weekly and monthly contracts of up to three months, traded 1,397 million units during the month, up from 1,107 million units in January 2025, representing an increase of 26.2% year-on-year.
    In the green power segment, the IEX Green Market, which comprises the Green Day Ahead and Green Term Ahead Market segments, achieved traded volumes of 832 million units in January 2026, compared to 752 million units in the corresponding period last year, reflecting a growth of 10.7%. The weighted average price in the Green Day Ahead Market stood at ₹4.06 per unit during the month, lower by 12.5% year-on-year.

    The Renewable Energy Certificate market saw a total of 23.91 lakh RECs traded during the trading sessions held on 14 January and 28 January 2026, at clearing prices of ₹339 per REC and ₹333 per REC respectively. REC traded volumes declined by 37.1% on a year-on-year basis. The next REC trading sessions on the exchange are scheduled for 11 February and 25 February 2026.

    Power Trading Hits Record High as Indian Energy Exchange Clocks 13,050 MU in January 2026
    Indian Energy Exchange reports 19.6% year-on-year growth in traded volumes, strong Real-Time Market performance and lower DAM and RTM prices amid improved power supply liquidity
    Indian Energy Exchange recorded its highest-ever monthly electricity traded volume in January 2026, with total volumes reaching 13,050 million units, marking a 19.6% increase compared to the same period last year. During the month, a total of 23.91 lakh Renewable Energy Certificates were also traded on the exchange.

    According to government data released in January 2026, India’s overall energy consumption stood at 142.74 billion units, reflecting a year-on-year increase of 3.8%. Higher availability of power from hydro, wind and solar sources, combined with sustained coal-based generation, led to improved supply liquidity on the exchange platform. This resulted in a notable decline in market prices across segments. The market clearing price in the Day Ahead Market averaged ₹3.86 per unit during the month, lower by 12.9% year-on-year, while the Real Time Market price averaged ₹3.72 per unit, a decline of 15.9% compared to January 2025.
    The lower prices enabled distribution companies as well as commercial and industrial consumers to meet demand at more competitive rates and replace higher-cost power through exchange-based procurement.

    In the electricity market segments, the Day Ahead Market achieved traded volumes of 6,182 million units in January 2026, compared with 6,015 million units in January 2025, registering a growth of 2.8% year-on-year. The Real Time Market recorded a sharp increase, with volumes rising to 4,638 million units from 3,036 million units a year earlier, reflecting a 52.8% year-on-year growth.
    The Day Ahead Contingency and Term Ahead Market, which includes contingency, daily, weekly and monthly contracts of up to three months, traded 1,397 million units during the month, up from 1,107 million units in January 2025, representing an increase of 26.2% year-on-year.
    In the green power segment, the IEX Green Market, which comprises the Green Day Ahead and Green Term Ahead Market segments, achieved traded volumes of 832 million units in January 2026, compared to 752 million units in the corresponding period last year, reflecting a growth of 10.7%. The weighted average price in the Green Day Ahead Market stood at ₹4.06 per unit during the month, lower by 12.5% year-on-year.
    The Renewable Energy Certificate market saw a total of 23.91 lakh RECs traded during the trading sessions held on 14 January and 28 January 2026, at clearing prices of ₹339 per REC and ₹333 per REC respectively. REC traded volumes declined by 37.1% on a year-on-year basis. The next REC trading sessions on the exchange are scheduled for 11 February and 25 February 2026.
    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedInInstagram, and YouTube for more stories that matter.
  • Multi-Batch Enrolments and Strong Learner Satisfaction Mark Success of IIT Patna’s Generative AI Program

    IIT Patna’s Certificate Program in Generative AI for Professionals records over 780 enrolments across batches, with CSAT scores above 4 out of 5 and continued demand from working professionals

    IIT Patna’s Certificate Program in Generative AI for Professionals is demonstrating strong multi-batch momentum, with consistently high enrolment numbers and positive learner feedback across cohorts. Designed for working professionals, the programme has emerged as a preferred choice for hands-on, industry-aligned training in generative artificial intelligence.
    The programme’s first batch, conducted between May 2025 and November 2025, saw participation from 190 professionals and recorded a customer satisfaction score of 4.5 out of 5 across all modules. Building on this foundation, the second batch, running from August 31 to February 28, enrolled 308 professionals and achieved a CSAT score of 4.2 out of 5.

    Cohort 2 is currently progressing through the Web App Building module and is on track for completion in February 2026. The sustained interest has continued into subsequent intakes, with Batch 4 commencing in January 2026 and enrolling 288 professionals, underlining growing demand for structured, applied learning in generative AI.
    An IIT Patna representative said the programme’s continued success reflects consistency in delivery and a close alignment with evolving industry standards. The representative added that the curriculum has been designed to equip professionals with practical experience in applying generative artificial intelligence to real-world problems.

    The programme focuses on experiential learning, enabling participants to build practical skills that enhance employability and prepare them for advanced roles in technology-driven sectors.
    Batch 4 is currently underway at the institute, while applications for Batch 5 remain open until March 15, 2026. With each cohort drawing strong participation from professionals across industries, the programme continues to strengthen IIT Patna’s role in executive and professional education within emerging technology domains.

    As organisations increasingly adopt generative AI across functions, demand for structured, application-oriented learning continues to rise. IIT Patna’s Certificate Program in Generative AI for Professionals reflects this shift, combining academic rigour with practical relevance and demonstrating how sustained learner trust and outcomes can be built across multiple cohorts.
    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedInInstagram, and YouTube for more stories that matter.
  • Agri, MSME, Finance Outlook Post Budget 2026: PwC, SBI Mutual Fund, Infomerics, Proventus Agrocom, Genus Power, Avaada Group and Others Assess Growth Path

    Views from Shashi Kant Singh and Mohammad Athar Saif of PwC India, S. Sankarasubramanian and Dr. Suresh Kumar Chaudhari of The Fertiliser Association of India, Rajeev Radhakrishnan of SBI Mutual Fund, Mahavir Lunawat of Pantomath Capital, Ankush Jain of Proventus Agrocom, Jitendra Kumar Agarwal of Genus Power Infrastructures and other sector leaders on agriculture resilience, MSME credit, capital markets and energy transition

    The Union Budget 2026–27 continues to reinforce policy continuity while recalibrating execution across agriculture, MSMEs, capital markets and energy. With sustained public capital expenditure, targeted sectoral allocations and financial system reforms, industry leaders across agri-inputs, finance, manufacturing and energy see the Budget as a framework that balances growth visibility with fiscal discipline.

    Shashi Kant Singh, Partner – Agriculture, Food and Agribusiness at PwC India, said the Budget underscores India’s commitment to agricultural innovation, export competitiveness and women’s participation, with focused support for high-value crops, fisheries and dairy aimed at improving farm incomes and strengthening global competitiveness.

    Mohammad Athar Saif, Partner and Leader – CP&I and Industrial Development at PwC India, commented that the integration of infrastructure and manufacturing, backed by a ₹12.2 lakh crore outlay, strengthens job creation while advancing India’s transition toward global manufacturing competitiveness under the Viksit Bharat vision.

    S. Sankarasubramanian, Chairman, The Fertiliser Association of India and Managing Director and CEO, Coromandel International, said the Budget brings together productivity, resilience and affordability by reinforcing domestic fertiliser capability, rationalising customs duties and addressing inverted GST structures to improve predictability across the value chain.

    Dr. Suresh Kumar Chaudhari, Director General, The Fertiliser Association of India, conveyed that district-level agricultural programmes, stronger seed systems and continued fertiliser support enhance farm-level decision-making while reinforcing supply security amid global volatility.

    From an MSME and agri-processing perspective, Ankush Jain, Chief Financial Officer, Proventus Agrocom Limited, said the focus on high-value crop clusters and export-linked processing reflects a clear shift from volume to value, with potential to improve farmer incomes if backed by infrastructure and market access.

    On energy and infrastructure, Jitendra Kumar Agarwal, Joint Managing Director, Genus Power Infrastructures Limited, stated that the Budget’s emphasis on grid resilience, battery energy storage systems and customs duty exemptions for capital goods strengthens India’s medium-term energy transition while lowering system costs.

    Vineet Mittal, Chairman, Avaada Group, said the Budget strikes a balance between ambition and discipline, with sustained public capex and reforms such as the Infrastructure Risk Guarantee Fund focused on building long-term productive capacity rather than short-term stimulus.

    From a capital markets standpoint, Rajeev Radhakrishnan, Chief Investment Officer – Fixed Income, SBI Mutual Fund, noted that borrowing numbers may keep yields elevated in the near term, making RBI liquidity operations important even as fiscal consolidation remains a long-term positive.

    Mahavir Lunawat, Chairman and Managing Director, Pantomath Capital, commented that reforms around municipal bonds, CPSE REITs and market-making frameworks significantly improve capital-raising pathways while strengthening transparency and liquidity in Indian markets.

    Dr. Manoranjan Sharma, Chief Economist, Infomerics Valuation and Rating Ltd, said the Budget prioritises stability over surprise, with capex-led growth, manufacturing support and MSME funding providing continuity amid global uncertainty, while execution capacity remains critical.
    Shubham Jain, Group CEO, Infomerics Valuation and Rating Ltd, added that steps to deepen corporate and municipal bond markets improve price discovery and investor participation, reinforcing bonds as a sustainable funding avenue.
    Conclusion
    Taken together, the perspectives reflect broad alignment that Budget 2026–27 focuses on execution, system resilience and long-term competitiveness. With agriculture, MSMEs, finance and energy positioned as interconnected growth drivers, the effectiveness of the Budget will ultimately depend on timely implementation, credit flow and coordination across central and state stakeholders.
    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedInInstagram, and YouTube for more stories that matter.
  • Budget 2026 technology and semiconductor push shapes outlook for HMD, Fujitsu, STT GDC, Ensono, BenQ, Cellecor, CP PLUS, Hisense, Moglix, Energy Bots and others

    Ravi Kunwar of HMD, Manoj Nair of Fujitsu, Bimal Khandelwal of STT GDC, Veena Khandke of Ensono, Rajeev Singh of BenQ, Ravi Agarwal of Cellecor, Aditya Khemka of CP PLUS, Pankaj Rana of Hisense, Rahul Garg of Moglix and Murali Mantravadi of Energy Bots respond to India Semiconductor Mission 2.0, electronics manufacturing incentives, data centre tax relief and AI-led digital infrastructure priorities in Union Budget 2026–27

    The Union Budget 2026–27 positions technology, electronics manufacturing, semiconductors, data centres and artificial intelligence as strategic pillars of India’s long-term growth and competitiveness. Announcements around India Semiconductor Mission 2.0, a ₹40,000 crore allocation for the Electronics Components Manufacturing Scheme, tax holidays for global cloud service providers operating from India, safe harbour reforms for IT services, and a renewed focus on AI-led skilling and digital public infrastructure reflect a shift from scale-driven expansion to capability-led development. Leaders across consumer technology, IT services, electronics manufacturing, cloud infrastructure, data centres and digital platforms have shared their perspectives on how these measures could reshape India’s technology ecosystem.

    Ravi Kunwar, Vice President and CEO of HMD India and APAC, said the Budget reflects a broad and forward-looking vision across technology, telecom and manufacturing. He noted that the enhanced allocation for the Electronic Components Manufacturing Scheme will support multiple verticals, while the launch of India Semiconductor Mission 2.0 with a focus on industry-led R&D and training centres is a welcome step. Kunwar added that customs warehousing reforms and the emphasis on education-to-employment alignment will help reduce friction and strengthen workforce readiness.

    Manoj Nair, Head of Applications at Fujitsu, commented that the Budget strongly reinforces India’s ambition to emerge as a global technology hub. He said the positioning of artificial intelligence as a force multiplier, combined with support for data centres and semiconductor manufacturing, will help build a resilient and future-ready digital ecosystem. Nair also noted that automated safe harbour mechanisms improve tax certainty for IT services companies.

    Bimal Khandelwal, Chief Executive Officer of STT GDC, said the Union Budget represents a decisive intervention for India’s data centre sector. He observed that the proposed tax holiday till 2047 for foreign cloud providers using Indian data centres is expected to unlock foreign investment, attract hyperscale workloads, and enhance India’s competitiveness as a global digital infrastructure destination.

    Veena Khandke, Senior Vice President and Managing Director of Ensono India, said the expansion of the safe harbour threshold to ₹2,000 crore and faster advance pricing agreements bring much-needed tax certainty for IT services. She added that the tax holiday for cloud service providers and the focus on AI, quantum computing and STEM education will help build future-ready talent and attract global technology investment.

    Rajeev Singh, Managing Director of BenQ India and South Asia, said the Budget makes a clear statement on reimagining education as a driver of employability and economic growth. He noted that content creator labs in schools and university townships near industry corridors will support hands-on, technology-enabled learning and strengthen the digital education ecosystem.

    Ravi Agarwal, Co-Founder and Managing Director of Cellecor, commented that the near doubling of the Electronics Components Manufacturing Scheme outlay strengthens India’s consumer electronics manufacturing base. He said the expansion of India Semiconductor Mission 2.0 into a full-stack programme covering materials, equipment, design and R&D sends a strong signal to global and domestic manufacturers.

    Pankaj Rana, Chief Executive Officer of Hisense India, said the Budget outlines a forward-looking roadmap for electronics and innovation. He noted that sustained policy focus on semiconductors, electronics components and AI-led innovation creates a stable environment for long-term investments and localisation.

    Aditya Khemka, Founder and Managing Director of CP PLUS, said the Budget signals a decisive shift toward building domestic capability in technology and security systems. He observed that the emphasis on AI and semiconductor self-reliance enables Indian companies to design and deploy mission-critical solutions at scale.

    Rahul Garg, Founder and Chief Executive Officer of Moglix, said the Budget’s focus on artificial intelligence, quantum research and innovation-led missions strengthens India’s technology backbone. He noted that these investments will enable AI adoption across manufacturing optimisation, procurement automation and supply chain forecasting.

    Murali Mantravadi, Joint Managing Director of Energy Bots Flosenso, observed that the Budget reflects a structural shift toward building deeper technology capabilities beyond services. He said sustainable advantage will come from owning design, supply chains and execution, with execution now being the key test.

    Satya Yeruva, Co-Founder and CEO of FinStackk, said the expansion of the safe harbour threshold for IT services simplifies compliance and reduces uncertainty across companies of all sizes. He added that the ₹10,000 crore growth fund for startups and MSMEs will support innovation and global expansion for technology-driven businesses.

    Sundararaman Ramamurthy, Managing Director and CEO of BSE, commented that measures aimed at deepening bond markets, adjusting STT structures and supporting capital formation will have a positive long-term impact on India’s technology and innovation-led companies seeking market access.

    Amit Sharma, Founder and Whole Time Director of Matrix Geo Solutions, said the Budget reinforces the growing role of data, geospatial intelligence and digital planning in large infrastructure and technology-led projects, supporting more precise and efficient execution.

    Aditya Prabhu, CEO and Co-Founder of Secutech Automation, said the Budget reinforces the convergence of digital transformation, AI adoption and infrastructure expansion. He noted that technology-led efficiency and improved credit flow will accelerate adoption of intelligent security systems.

    Mrs. Veena Khandke, Senior Vice President and Managing Director of Ensono India, said the emphasis on workforce development, AI upskilling and STEM education for women supports the creation of a future-ready technology talent pool.

    Mr. Murali Mantravadi, Joint Managing Director of Energy Bots Flosenso, said the continued focus on semiconductor manufacturing and electronic components signals an intent to build long-term structural capability rather than short-term scale.
    Mr. Rajeev Singh, Managing Director of BenQ India and South Asia, noted that continued support for domestic manufacturing and semiconductors will strengthen the foundation for digital classrooms and enterprise technology adoption.
    Mr. Ravi Agarwal, Co-Founder and Managing Director of Cellecor, added that employment-linked skilling initiatives will help create a sustainable manufacturing and service workforce across electronics ecosystems.
    Mr. Aditya Khemka, Founder and Managing Director of CP PLUS, observed that clarity in policy direction enables homegrown companies to innovate locally while remaining globally competitive.
    Mr. Pankaj Rana, Chief Executive Officer of Hisense India, said localisation and supply chain strengthening will be critical as India moves up the electronics value chain.
    Mr. Rahul Garg, Founder and Chief Executive Officer of Moglix, added that emerging technologies will play a central role in improving productivity across traditional and advanced industries.

    Taken together, responses from a wide cross-section of technology, electronics, IT services, data centre and digital infrastructure leaders indicate that Budget 2026–27 marks a decisive shift toward capability building and execution-led growth. With semiconductors, electronics manufacturing, cloud infrastructure and artificial intelligence positioned as long-term national priorities, industry stakeholders believe sustained execution, talent development and ecosystem readiness will determine how effectively policy intent translates into globally competitive outcomes.

    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedInInstagram, and YouTube for more stories that matter.