The Cochin Chamber of Commerce and Industry has given a thumbs up’ to the various budget proposals, aligning with the key insights from the Economic Survey presented in Parliament on January 30, 2025, which support and satisfy the Union Budget 2025, according to a release issued by the organisation.

“Exemption extended to ship building units should be welcome by Kerala as it should directly help Cochin Shipyard,” it said.

The Chamber president S P Kamath, welcomed the central government’s initiative to rationalize customs duty on marine products in the Union Budget, recognizing it as a significant boost for the industry.

The Union Budget has a laser sharp focus on boosting economic growth, said T S Kalyanaraman, Managing Director of Kalyan Jewellers.

“With definitive steps in infrastructure investment and key support for agriculture, manufacturing and urban development, there is a deep commitment to continue on the growth momentum.

As brands continue their growth in the real Bharat, the Centres of Excellence for Skilling, coupled with global skilling partnerships, will add to the available talent pool,” he added.

The government’s decision to ease visa norms for medical tourism in budget is a game-changer, especially for Kerala, a state that has long been a trusted destination for international patients, Azad Moopen, Founder and Chairman of Aster DM Healthcare said.

Elaborating, he said: “With its world-class hospitals, holistic wellness treatments, and skilled medical professionals, Kerala has built a strong reputation in global healthcare. This move will strengthen Kerala’s position as a leading medical tourism hub while also boosting local businesses, hospitality, and allied services.”