Abhimanyu Roy, Executive Director at Avalon Consulting, shared his views in the article “Comments of Captains of the Chemical and Allied Industries on the Union Budget 2026–27”, published in Chemical Industry Digest.
He highlighted that the Budget’s thrust on procedural reforms such as simplified licensing and faster input tax credit refunds will support ease of doing business for the chemicals industry. He also noted that while the announcement of three Chemical Sector Parks and the INR 20,000 crore allocation for CCUS projects are positive steps towards competitiveness and decarbonisation, more focused support for MSMEs and targeted incentives for green hydrogen and CBG should be prioritised.
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