Union Budget 2026: A Long-Term Signal for India’s Electronics Manufacturing
A Clear Focus on Electronics and MSMEs
The renewed emphasis on electronics manufacturing, MSME enablement, and semiconductor development sends a consistent signal to the industry. Rather than a one-time push, the budget reflects an ongoing commitment to building domestic manufacturing depth.
Electronics manufacturing today is no longer defined by assembly alone. It requires:
- stable policy direction
- component and material availability
- predictable capacity planning
- alignment across design, manufacturing, and supply chains
The budget recognises this shift and aligns with the industry’s need for long-term visibility.
From Scale to Capability
One of the most important takeaways from the Union Budget 2026 is the industry-wide transition from scale-led growth to capability-led growth.
As global supply chains evolve, manufacturers are increasingly evaluated on:
- reliability and continuity
- component-level expertise
- governance and compliance readiness
- ability to support complex, high-value electronics manufacturing
This evolution is central to strengthening India’s position in global electronics manufacturing. Scale matters, but capability defines sustainability.
Why Supply-Chain Readiness Matters
Electronics manufacturing operates within tightly interconnected ecosystems. Any disruption, whether at the component, material, or process level, impacts output, quality, and timelines.
The budget’s focus on strengthening supply-chain frameworks, including critical materials and semiconductor initiatives, acknowledges this reality. For manufacturers, this reinforces the importance of:
- proactive capacity planning
- diversified and reliable sourcing
- investments in manufacturing systems and process discipline
These are no longer operational choices – they are strategic necessities.
Resolute Group’s Perspective
At LCGC Resolute Group, the direction outlined in the Union Budget closely aligns with how we view manufacturing growth.
Our approach is centred on:
- planning capacity with a long-term horizon
- investing in manufacturing systems and process robustness
- strengthening supply-chain and ecosystem readiness
- supporting MSMEs and partners within the value chain
This ensures that growth is predictable, resilient, and aligned with industry demand, rather than reactive.
Make in India as an Execution Framework
Make in India today represents more than domestic manufacturing. It is about:
- building component depth
- enabling advanced manufacturing
- supporting global OEM expectations
- integrating India more deeply into global value chains
The Union Budget 2026 strengthens this execution framework by supporting the enablers that matter most to the electronics manufacturing ecosystem.
Looking Ahead
The policy direction is clear.
The opportunity now lies in execution.
For the electronics manufacturing industry, the coming years will be defined by how effectively manufacturers translate policy support into operational excellence, supply-chain reliability, and sustained capability building.
At LCGC Resolute Group, we see this phase as an opportunity to contribute meaningfully to India’s electronics manufacturing journey through disciplined execution, long-term partnerships, and a shared commitment to Make in India.
