Budget 2025: Maritime & Retail Sectors Gain Momentum with Key Reforms

The Union Budget 2025 delivers a major boost to India’s maritime sector, introducing new measures to enhance shipbuilding and logistics efficiency. Leo Peter Charles, Founder & Managing Director of Jane Solutions, highlights how these initiatives will expand India’s shipping fleet, reduce reliance on foreign vessels, and lower logistics costs. The reforms will particularly benefit fisheries and agri-export sectors, ensuring faster, more cost-effective global trade while strengthening port infrastructure and coastal connectivity. Meanwhile, Harsh Talwar, Founder & CEO of Cashforphone, sees the budget as a game-changer for startups and the retail tech industry. Increased financial support, tax simplifications, and incentives for sustainable business models will drive innovation and accelerate the adoption of refurbished and recycled electronics. With a focus on ease of doing business, the budget reinforces India’s commitment to a robust, technology-driven economy.