Nirmala Sitharaman Budget Speech | What FM Announced For Aviation Sector In Union Budget 2026

Finance Minister Nirmala Sitharaman, presenting the Union Budget 2026 today, announced basic customs duty exemption on raw materials for the manufacturing of aircraft parts for maintenance, repair and other units in the defence sector.

Other initiatives include incentives for the indigenisation of seaplane manufacturing and subsidies for seaplane flights.

The Finance Minister also announced basic customs duty exemption on component parts for the manufacturing of civilian and other aircraft.

Sitharaman, in her speech, said that for the Union Budget 2026, the government has chosen the path of reforms over rhetoric. She added that India will continue to take steps towards becoming a Viksit Bharat.

The Union Budget 2026 is Sitharaman's ninth consecutive Budget, bringing her closer to former Prime Minister Morarji Desai's record of 10 budgets.

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