The Finance Ministry is set to begin a series of factory visits across the country to gather ground level feedback before preparing the upcoming Union Budget. Officials believe direct interaction with industries and workers will help policymakers understand the real challenges faced by businesses and manufacturing units.
The initiative aims to bridge the gap between policy making and industrial realities. Senior ministry officials are expected to visit factories in sectors such as textiles automobiles electronics pharmaceuticals and small scale manufacturing. During these visits they will interact with factory owners workers trade representatives and local industry bodies.
The government wants to assess issues related to production costs employment exports taxation infrastructure and supply chains. Inputs collected during these visits are expected to play an important role in shaping economic priorities and industrial support measures in the next Budget.
Industry leaders have welcomed the move saying that direct engagement with the government can lead to more practical and effective policy decisions. Many business groups have been demanding stronger communication between policymakers and manufacturers especially at a time when global economic conditions remain uncertain.
Officials believe the exercise will also help identify regional challenges faced by industries in different states. The Finance Ministry is expected to compile the findings and use them while finalising proposals aimed at boosting manufacturing growth investment and job creation.
The visits are likely to begin in the coming weeks as part of wider pre Budget consultations being carried out by the government.
