24, Jan 2026
From Assembled to Engineered in India: A Call for R&D-Driven Budget Support
By: Mr. Ritesh Goenka, Managing Director, Damson Technologies,
“We have successfully moved from ‘Imported in India’ to ‘Assembled in India’; the 2026 Budget must now build the bridge to ‘Engineered in India.’ For brands like Just Corseca investing heavily in local infrastructure, the focus must shift from basic assembly incentives to deep-tier manufacturing.
We need a fiscal runway that rationalises duties on high-tech capital machinery and incentivises domestic R&D for core components like PCBAs and batteries. The government has given us the volume; now we need the policy support to own the value. This budget should be about empowering Indian brands to own the intellectual property, not just the factory floor.”
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- By Neel Achary
