Tamil Nadu Budget: TVK government’s maiden Budget strikes right chord with industry

The maiden budget of the TVK government received a positive response from industries and Chambers of Commerce in Tamil Nadu, with industry leaders calling it a progressive budget that focuses on growth and industrial development. “This maiden Budget delivers on fundamentals of industrial competitiveness, AI-led investment facilitation, and infrastructure built for scale. Battery storage, rooftop solar, smart metering, and EV charging networks aren’t add-ons here, they are core to Tamil Nadu’s pitch as India’s top investment destination. These steps will also help MSMEs unlock the full potential of India’s Free Trade Agreements and propel manufacturing growth across the State,” said Ravichandran Purushothaman, Chairman, CII Southern Region and President, Danfoss India.

“New ITIs, AI and robotics training, and expanded apprenticeships mean the talent pipeline is being built in parallel not as an afterthought,” said Murugavel Janakiraman, Vice Chairman, CII Tamil Nadu and Founder and CEO of Matrimony.com. The Madras Chamber of Commerce & Industry (MCCI) said that the budget reflects a conscious effort to balance long-term economic priorities with investments in human capital and social development. A. Viswanathan, President, The Madras Chamber of Commerce & Industry, said: “The maiden Budget of the new Government sets a positive direction by according priority to manufacturing, infrastructure, technology, MSMEs, skill development and ease of doing business. These are all critical to Tamil Nadu’s long-term growth and global competitiveness.” He also said that the Madras Chamber looks forward to working closely with the Government in the formulation and implementation of the proposed Industrial Policy and other key reforms to help shape a competitive, future-ready industrial ecosystem for Tamil Nadu.

Mehul H. Doshi, President, CREDAI Chennai, said that the MY-HOME Affordable Housing Scheme, aimed at providing affordable homes for working-class youth and lower-income families through the Public-Private Partnership (PPP) model, is a welcome initiative. We look forward to further details on the scheme, he added. “Fiscal discipline and development don’t usually move together, this Budget makes them,” C. Devarajan, Chairman, CII Tamil Nadu State Council and Managing Director, URC Construction (P) Ltd, said.

V. N. Shiva Shanker, Senior Vice President of SICCI said that the Chamber welcomes the proposed internship opportunities for 20,000 youth in the first phase, skill and employability training for one lakh job seekers, and five new Industrial Training Institutes at an outlay of ₹90 crore. “Industry linkage will be critical to ensure that course design, assessment and placements are aligned with actual demand. SICCI stands ready to help shape curricula and facilitate internships and placements across its member network,” he added. GSK Velu, Chairman, FICCI Tamil Nadu State Council welcomed the substantial investments in healthcare, including maternal and child health programmes, telemedicine expansion, mobile geriatric care services and strengthening public health infrastructure. The TVK Budget strikes the right chord with industry