Lucknow: Industry leaders across sectors have welcomed the Uttar Pradesh Budget 2026-27, describing it as a forward-looking and growth-oriented blueprint that significantly strengthens the state’s infrastructure, industrial ecosystem and employment potential. With a sharp focus on roads, railways, expressways, MSMEs and new industrial areas, the budget has been termed a decisive step towards achieving the vision of a Developed India by 2047 and Uttar Pradesh’s ambitious USD 1 trillion economy target.
Abhishek Saraff, Vice-Chairman, CII Uttar Pradesh and Managing Director, Avadh Rail Infra Ltd, said the budget has reinforced the very foundation of long-term national development. He noted that the strong emphasis on infrastructure—particularly roads, railways, highways and expressways—has opened new doors of opportunity for industry while simultaneously accelerating economic development and job creation for youth. Calling it an unprecedented budget, he said it would significantly help the state move closer to the USD 1 trillion economy milestone.
Echoing similar views, Smita Agarwal, Past Chairperson, CII Uttar Pradesh and Director & CFO, PTC Industries Limited, highlighted the importance of the ₹3,822 crore allocation for the MSME sector. She said MSMEs are not only the largest employment-generating segment in the state but also a critical engine of grassroots industrialisation and entrepreneurship. The nearly 19 percent increase over the previous year, she added, will deepen access to credit, strengthen cluster development, enhance skill linkages and provide strong support to flagship initiatives such as the Mukhyamantri Yuva Udyami Vikas Abhiyan.
Akash Goenka, Past Chairman, CII Uttar Pradesh and Director, Goldiee Group, welcomed the ₹720 crore allocation for the development of Kanpur, Meerut and Agra, calling it a strategic investment in key industrial and economic hubs. He said bridging infrastructure gaps in these cities would significantly improve connectivity—crucial for Kanpur’s leather and textile clusters, Meerut’s sports goods and manufacturing base, and Agra’s tourism-led economy linked with handicrafts and hospitality. According to him, the targeted approach will strengthen regional competitiveness and unlock new growth opportunities.
Jai Agarwal, Past Chairman, CII Uttar Pradesh and Director, CP Milk & Food Products Pvt Ltd, praised the expansion of the Mukhyamantri Industrial Area and the establishment of new industrial zones. He described the budgetary provision of nearly ₹27,000 crore for infrastructure and industrial schemes as a laudable move that will attract fresh investments and transform the state’s economic landscape. He also welcomed the ₹1,000 crore allocation under the Mukhyamantri Udyami Vikas Abhiyan, aimed at adding one lakh micro enterprises every year, calling it a powerful step to promote entrepreneurship and inclusive growth.
Overall, industry stakeholders believe the Budget 2026-27 sends a strong and positive signal to investors. With its balanced focus on infrastructure expansion, MSME support, regional development and youth entrepreneurship, the budget is being seen as a catalyst that will accelerate industrial growth, generate large-scale employment and firmly position Uttar Pradesh as a leading economic powerhouse in the country.
