Mr. Lalit Ahuja, CEO, ANSR,
“As India strengthens its position as a global hub for Global Capability Centers (GCCs), targeted fiscal and policy measures could further accelerate the sector’s growth. Simplifying the company registration process specifically for GCCs would reduce setup timelines, enabling faster investments and operations. Extending tax incentives, such as a 15% concessional tax rate, would foster innovation and attract global organizations to establish and scale their operations in India. Additionally, raising the threshold for Safe Harbour Rules would level the playing field for mid-sized GCCs, which are critical to driving the next wave of growth.
A uniform, centralized GCC policy could further enhance India’s appeal by streamlining compliance and creating a predictable environment for investors. With over 1,700 GCCs already employing 1.9 million professionals and projected revenues exceeding $100 billion by 2030, these reforms could solidify GCCs as a cornerstone of India’s economic future and global leadership.”
Mr. Ashish Mishra, Head of Digital & Technology at General Mills India Center (GCC),
“As the Union Budget 2025-26 approaches, we at General Mills are optimistic about policy measures that could further enable the integration of technology and innovation into the Agri-food industry. The Agri- food sector is undergoing rapid transformation, and strategic investments in digital infrastructure, automation, and advanced analytics are crucial to addressing evolving consumer needs and enhancing operational efficiency. Simplified compliance frameworks for tech-enabled solutions can empower businesses to introduce sustainable practices across the supply chain, from farm to table, while simultaneously fostering transparency and trust with consumers. Moreover, increased budgetary allocations towards research and development in agritech and foodtech can unlock new opportunities for collaboration and innovation. This would allow us to explore advancements in AI, IoT, and blockchain to build more resilient and intelligent supply chains and optimize logistics.
Additionally, as GCCs evolve into globally integrated innovation hubs, they play a pivotal role in driving technological advancements and intellectual property creation. To sustain and amplify this impact, the government should establish incubation hubs and incentivize start-ups. Restoring weighted deductions for R&D will boost India’s appeal as an innovation hub, encouraging GCCs to create advanced solutions and positioning India as a global R&D leader.
Presently, several Indian states are proactively launching state level policies to attract GCC’s in tier-2 towns. We strongly feel there is need of a comprehensive federal policy in complement with state policies which will create conducive environment for GCC’s to thrive. The government must invest in advanced infrastructure, education, and training programs to prepare talent in these locations for high-demand, niche GCC roles and collaborate with stakeholders to establish institutions, labs, and training centers specializing in these areas. Industry-relevant curriculum innovation, large-scale internship programs, and incentives for GCCs to invest in skill development are critical. These efforts will ensure that India remains the preferred destination for high-value GCC operations.”
Mr. Ganesh Sonawane, Founder and CEO of Frido,
“India’s startup ecosystem is a thriving hub of innovation, and we hope that the Union Budget 2025 reflect its potential. Startups, particularly those focusing on health-focused innovations, stand to benefit greatly from policies that streamline GST processes, introduce R&D tax incentives, and provide easier access to funding could ignite a wave of innovation, empowering manufacturers and startups to meet the increasing demand for wellness products. Encouraging startups to scale manufacturing for global markets will also be crucial in reinforcing the Make in India for the world initiative. With the right support, entrepreneurs can position India as a global hub for wellness and ergonomic solutions, showcasing the country’s ingenuity and innovation on the world stage.”
Mr Dhiraj Narang, Co-Founder at X&Y, Eco-Friendly School Furniture,
“The upcoming Union Budget presents an opportunity to strengthen these sectors through thoughtful reforms and investments. By addressing accessibility, sustainability, and infrastructure needs, we can collectively enhance living standards and contribute to India’s long-term economic progress the board.
As the Union Budget approaches, we call on the government to prioritize green and sustainable practices in furniture manufacturing and education infrastructure. Eco-friendly solutions can benefit both the environment and the future of education.
In the furniture industry, using materials like reclaimed wood, bamboo, along with energy-saving manufacturing processes, can help build a greener future. Providing subsidies to manufacturers who choose these practices can encourage more companies to go green.
Incentivizing schools for sustainable designs can make learning spaces healthier and more eco-friendly. Ideas like solar-powered buildings, ergonomic furniture made from sustainable materials, and proper waste management systems can set new standards for green education.
This year’s budget could be a big step towards combining economic growth with care for the environment, making a lasting difference for schools and the planet.”
