Post Union Budget 2025-26 Reaction Quote: Omega Seiki Pvt. Ltd

Mr. Uday Narang, Founder and Chairman of Omega Seiki Pvt. Ltd., remarked, “The Union Budget 2025-26 has taken a commendable step towards strengthening India’s manufacturing ecosystem by removing the Basic Customs Duty (BCD) on critical materials such as cobalt, lithium-ion battery scrap, and lead. These materials are essential for the production of lithium batteries, which are the backbone of the electric vehicle and clean energy industries. By eliminating these duties, the government is not only reducing the cost of production for manufacturers but also accelerating the transition towards more affordable and sustainable technologies.”

“This bold move will help make electric vehicles and electronics more affordable for consumers while fostering the growth of domestic industries. With a focus on local manufacturing, the government is laying the foundation for India to become a global leader in battery production and renewable energy technologies, while significantly reducing dependence on imports. At Omega Seiki, we are excited about the future prospects of this policy and its potential to drive innovation and sustainability in the sector.” Added Mr. Narang

On Skill Development Mr. Narang said, “The announcement of three Centres of Excellence in Artificial Intelligence with a ₹500 crore allocation in the Union Budget 2025-26 is a remarkable initiative that will significantly boost India’s technological and educational landscape. This focus on AI research and its application in education will empower the next generation with cutting-edge skills, preparing them for the challenges of tomorrow’s workforce. At Omega Seiki, we strongly believe that this forward-thinking investment in skill development will drive innovation across sectors, particularly in industries like EVs, clean energy, and electronics, paving the way for a digitally proficient and globally competitive India.”