Finance Minister Nirmala Sitharaman to Present Union Budget 2025

As the Union Budget 2025 approaches, Tata Technologies has come forward with a strong emphasis on the necessity of increased funding for upskilling initiatives. These initiatives are crucial for preparing a workforce that is ready for the challenges of Industry 4.0.

CEO and MD Warren Harris has highlighted the importance of innovation-driven policies and investments in emerging technologies to achieve India's vision of a $5 trillion economy. He stressed the need for developing products that are not only made in India but are also for India and the world.

Key Growth Drivers and Government Support

Harris pointed out the significance of smart manufacturing, AI, digital transformation, and software-defined vehicles (SDVs) as key growth drivers. He urged the government to support these areas through incentives for R&D, skill development, and infrastructure enhancement.

"We recommend increased allocation toward upskilling initiatives aligned with Industry 4.0, creating a future-ready workforce capable of excelling in advanced technologies like AI, IoT, and cybersecurity," Harris said.

Green Mobility and Sustainability

The role of green mobility and sustainability in India’s progress was also highlighted. Harris suggested policies to boost EV adoption and clean energy solutions. He believes that streamlined GST norms and expanded PLI schemes for EV components, high-tech manufacturing, and software services could further accelerate growth.

Fostering Global Competitiveness

Harris proposed fiscal incentives for exporting engineering and technology solutions to strengthen India’s position as an innovation hub. Additionally, initiatives like Make-in-India and Engineer-in-India could attract foreign investments and foster self-reliance.