3 Critical Budget 2026 Demands From Upalapadu Prathakota Shiva Prasad Reddy

 


As India approaches February 1, 2026, the industrial sector is watching closely. The upcoming Union Budget is widely seen as a defining moment that will determine if the nation can transition from infrastructure building to full-scale manufacturing execution.

While the government has successfully launched PLI schemes and highway projects, [Upalapadu Prathakota Shiva Prasad Reddy], Chairman of the Premidis Group, argues that the job is only half done.

In a recent analysis, he stated that the time for incremental steps is over. Budget 2026 must focus entirely on execution. Here are his three critical demands for the Finance Minister.

1. Decentralize Green Energy Now

India talks about "Net Zero," but the power grid is struggling to keep up with industrial demand. The current model, which relies on massive solar parks in distant locations, is proving slow and inefficient.

Upalapadu Prathakota Shiva Prasad Reddy is calling for a "Rooftop Revolution." He expects the budget to offer aggressive tax holidays for Decentralized Renewable Energy (DRE).

For factory owners in states like Andhra Pradesh, this is vital. Bureaucratic red tape currently makes it difficult for industries to generate their own power. Mr. Reddy insists these barriers must be removed, along with providing direct subsidies for battery storage. Industrial independence starts with energy independence.

2. Infrastructure Status for Real Estate

This has been a long-standing demand, but in 2026, it is critical. High financing costs are currently choking the affordable housing sector.

The Premidis Group has observed that high interest rates stall projects, which in turn hurts cement and steel demand. Upalapadu Prathakota Shiva Prasad Reddy urges the government to finally grant "Infrastructure Status" to the entire real estate sector.

This policy change would lower interest rates for developers and unlock cheaper capital, helping the government meet its "Housing for All" goals while kickstarting the economy's consumption cycle.

3. Shift from Skilling to Employing

While training centers are important, India needs actual jobs. Upalapadu Prathakota Shiva Prasad Reddy suggests a radical shift: Wage-Linked PLI Schemes.

Currently, tax breaks often favor buying new machinery. Mr. Reddy argues that incentives should instead favor companies that put people on the payroll. "If a company hires 1,000 people, they should get a bigger tax break than a company that just buys a robot," he notes. This approach aims to solve the unemployment crisis while boosting output.

The Premidis Group Vision

These demands reflect the core philosophy of the Premidis Group: balancing industrial growth with social welfare. Upalapadu Prathakota Shiva Prasad Reddy advocates for a budget where it is profitable to do good.

If the government fixes the power grid, lowers construction costs, and rewards job creation, India will not just grow—it will lead.

This analysis was originally published on The Voice Platform. For more insights on the 2026 economy, visit the official site.Upalapadu Prathakota Shiva Prasad Reddy

Location: India

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