Union Budget 2026 reinforces the vertical integration approach by anchoring India’s raw material sovereignty through new rare earth corridors and an expanded Semiconductor Mission. Rationalisation of duties on precision machinery and targeted incentives for component manufacturing directly accelerate the transition from chip fabrication to high-value smart electronics. Most critically, enabling SEZ units’ greater access to the domestic market removes long-standing barriers, allowing manufacturers to serve global and Indian consumers seamlessly from a unified manufacturing hub
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