Allcargo Chairman Shashi Kiran Shetty Welcomes Infrastructure Push in Union Budget 2026–27

MUMBAI: Welcoming the Union Budget 2026–27, Mr. Shashi Kiran Shetty, Founder & Chairman of Allcargo Group, said the Budget lays down a comprehensive and forward-looking macroeconomic framework that balances immediate growth priorities with long-term structural reforms, firmly anchoring India’s vision of Viksit Bharat.

Reacting to the post-Budget announcements, Mr. Shetty noted that the government’s six-point intervention plan spanning manufacturing, MSMEs, infrastructure, security and city economic regions provides a strong foundation for building a resilient, inclusive and future-ready economy amid global supply chain disruptions and shifting trade patterns.

“The Union Budget 2026–27 presents a comprehensive and forward-looking macro framework that addresses near-term growth priorities while signalling a long-term structural overhaul of the economy, firmly anchoring India’s journey towards Viksit Bharat,” said Shetty.

He highlighted the sustained focus on infrastructure development, particularly the proposed public sector capital expenditure of ₹12.2 lakh crore in FY27, which reiterates the critical role of logistics as a growth driver in India’s development journey. According to him, initiatives such as the development of new national waterways, the coastal cargo scheme, ship repair ecosystems for inland waterways, and the proposed East–West Dedicated Freight Corridor will significantly enhance multimodal connectivity, boost cargo productivity and help reduce logistics costs.

Mr. Shetty also welcomed the proposed Infrastructure Risk Guarantee Fund, stating that it would strengthen investor and lender confidence, enabling faster execution of large-scale infrastructure projects.

“All in all, these initiatives will further strengthen India’s competitiveness in the global economy and increase its integration with global value chains,” he added, underscoring that the growth-oriented announcements reflect a clear vision to build capacity, high-quality infrastructure and efficient supply chains — the essential pillars of Viksit Bharat.