Budget 2025: Boosting India’s Maritime & Retail Sectors with Strategic Reforms

The Union Budget 2025 introduces transformative measures to enhance India’s supply chain and retail industries. Leo Peter Charles, Founder & Managing Director of Jane Solutions, underscores the government’s strong focus on shipbuilding, which aims to expand India’s shipping fleet, reduce reliance on foreign vessels, and lower logistics costs. These improvements are set to benefit fisheries and agri-exports, strengthening the nation’s trade infrastructure and global competitiveness. In the retail sector, Harsh Talwar, CEO of Cashforphone, highlights the budget’s significant support for startups, particularly those in sustainable and tech-driven industries. The extended incorporation period, increased financial backing, and tax reforms will encourage growth in the circular economy, particularly in mobile phone recycling and resale. By simplifying compliance and reducing key import duties, the budget fosters innovation and makes business operations more seamless. These strategic initiatives reinforce India’s commitment to developing a robust, technology-driven supply chain and retail ecosystem, positioning the country as a global leader in trade and sustainability.