THEBUSINESSBYTES BUREAU
NEW DELHI, JANUARY 30, 2026
“The upcoming Union Budget is expected to
strengthen India’s industrial ecosystem, given the increasing unpredictability
of global commerce and the way tariffs are changing supply chains,” said Manoj
Tulsian, CEO & Joint Managing Director of Greenply Industries Ltd.,
outlining his expectations from the forthcoming fiscal policy statement.
Sharing his
pre-Budget perspective, Tulsian noted that the Union Budget presents an
important opportunity to reinforce domestic manufacturing and consumption at a
time when global supply chains are being reconfigured. In his view, policy
continuity and targeted interventions will be critical to sustain momentum in
housing-linked industries.
Commenting
specifically on the wood panel and furniture sector, Tulsian said the Budget
should continue incentives for affordable housing, enhance tax exemptions on
home loan interest payments, and introduce measures that improve liquidity for
real estate developers. According to him, such steps would directly support
housing demand and, in turn, benefit industries aligned with construction and
interiors.
Tulsian also
expressed hope for a stronger policy push for domestically manufactured
furniture and interior products under the ‘Make in India’ framework. “We look
forward to a strong push for ‘Make in India’ furniture and interior products
that promote domestic sourcing and value addition,” he said, adding that this
would encourage capacity expansion and strengthen the sustainability of Indian
wood panel manufacturers.
He further
observed that reducing reliance on imports through domestic value creation
would help the industry navigate external volatility more effectively.
