Senior leaders of CII Andhra Pradesh have unanimously hailed the budget for being inclusive, growth oriented and focused on the long term.
Addressing media personnel after the budget this afternoon Mr G Krishna Mohan, Vice Chairman, CII Visakhapatnam lauded the budget for having an overall positive and long term outlook.
He said that the union budget had many key takeaways for a wide range of sectors and that the state of Andhra Pradesh will gain from this budget.
“The state of AP will significantly benefit from this budget. There are various sectors that have been given prominent allocations in this budget which will have a great impact on the state” said Mr Krishna Mohan.
Some of the key sectors he identified included Tourism, Seafood, IT, Ports & Shipping.
“The Union Budget 2026-27, presented by Finance Minister Ms. Nirmala Sitharaman will further drive growth and momentum for the country” opined Mr Krishna Mohan.
He also appreciated the proposed tax holiday till 2047 for global cloud service providers which he said is a transformative step that positions India as a preferred destination for hyperscale data centres.
“This policy will accelerate investments in cloud, AI and digital infrastructure in the Visakhapatnam region, create high-value jobs, and reinforce its emergence as a strategic digital and technology hub on India’s east coast” said the Vice Chairman.
Speaking on the pharma sector Mr KVV Raju, CEO, Ajinomoto Bio-Pharma Services I Pvt. Ltd said the Rs 10,000-crore Biopharma Shakti programme gives a major boost to Visakhapatnam, which already hosts one of India’s largest pharma and bulk-drug clusters.
He noted that support for biologics and biosimilars manufacturing, expansion of clinical trial infrastructure and a stronger regulatory framework will attract high-value R&D and global pharma investments to the region.
“The proposed medical tourism hubs and expansion of allied healthcare workforce further position Visakhapatnam as a leading life sciences and healthcare hub for eastern India” said Mr Raju.
Commenting on the Ports, Shipping and Logistics sector Dr G Sambasiva Rao, Managing Director, Sravan Shipping Services Pvt Ltd, said the new freight corridors, coastal cargo promotion and national waterways development, will significantly strengthen Visakhapatnam’s position as a key maritime and logistics gateway.
In addition he lauded the proposed Rs 10,000-crore container manufacturing scheme to create a plethora of opportunities for container fabrication, repair and ship-linked industries in Visakhapatnam, generating employment and reinforcing India’s port-led industrial and maritime supply chain.
Talking on the food and Agri sector Mr D Tirupathi Raju, Executive Chairman, Vijaynagar Biotech Pvt Ltd, said Budget 2026’s emphasis on high-value crops, value addition and technology-driven agriculture will strongly benefit Andhra Pradesh’s agrarian and coastal economy.
“The focused support for coconut, cashew and cocoa which are key crops in the state along with fisheries and animal husbandry value chains, will enhance farmer incomes and create new opportunities for Agri processing and biotech innovation” said Mr Raju.
On the defence sector Mr J Srinivasa Raju, MD, Geomarine Dynamics Pvt Ltd said the Budget 2026 customs duty exemptions for aircraft components and MRO materials are a game-changer for Andhra Pradesh, directly benefiting the new MRO centre at the new International Airport.
“This coupled with the dedicated rare earth corridors will see Visakhapatnam emerge as a strategic hub for aerospace, clean energy and defence industries, attracting investments, creating jobs, and strengthening regional industrial growth” said Mr Srinivas Raju.
Hailing the Finance Minister’s emphasis on semiconductors Mr B Murali Manohar Rao, CEO, Sankhya Technologies Pvt Ltd said, India Semiconductor Mission 2.0 indirectly benefits Visakhapatnam by enabling electronics manufacturing, chip design support services and backend supply chains.
“With industrial parks, engineering talent and port access, Visakhapatnam can emerge as a location for electronics assembly, testing, packaging support industries and logistics for semiconductor equipment and materials” said Mr Murali.
