Karnataka Budget 2025-26: Industry leaders hail well-drafted strategies that balance industrial growth with social welfare

Industry leaders praise Karnataka Budget 2025-26 for its focus on industrial growth, infrastructure, and transparency in real estate transactions.

Industry leaders and entrepreneurs have reacted positively to the expansive, something-for-all Karnataka Budget 2025-26 tabled by Chief Minister Siddaramaiah at Vidhana Soudha in Bengaluru on March 7, 2025.

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“With a strong focus on industrial development, welfare schemes, infrastructure, education, agriculture, tourism and healthcare, the State Government has addressed most concerns and has formulated well-drafted strategies in the larger interest of the industry in Karnataka. The expansion of the Bengaluru metro network, particularly with improved connectivity to Devanahalli, will significantly contribute to easing vehicular congestion.

Additionally, the ‘Brand Bengaluru – Green Bengaluru’ initiative, which focuses on reviving lakes and accelerating the land allocation and acquisition process for airports will systematically enhance connectivity and improve the ecology throughout the State in a meaningful and effective manner.

The proposals to introduce the Karnataka Employer’s Compliance Decriminalization Bill and the Karnataka Employer’s Compliance Digitisation Bill, will make Karnataka the first state in India to decriminalize employer violations and fully digitise compliance processes, thereby creating a business-friendly environment for industry. Overall, the Government has made a sincere effort to ensure that every citizen of the State benefits from a variety of government schemes through this Budget”.

- Vineet Verma, President, Bangalore Chamber of Industry and Commerce

The comprehensive budget presented by the CM for the fiscal year 2025-26, affirms that it reflects a concerted effort to balance infrastructural development, industrial growth, and socio-economic welfare.