As the Union Budget 2025 nears, the food and beverage (F&B) industry is abuzz with expectations and hopes. Experts from the sector, including Simranjeet Singh, Director of CYK Hospitalities, Nidhi Singh, Co-Founder of Samosa Singh, and Vikesh Shah, Founder of 99 Pancakes, have shared their insights on the reforms they believe are essential to spur growth and innovation.

Simranjeet Singh emphasizes the need for policies that promote innovation and sustainability. "The upcoming Union Budget 2025 is expected to bring reforms for start-ups and the F&B sector, such as simplified taxation like GST rate cuts on small eateries and essentials. These measures can alleviate financial stress," he stated. Singh also highlighted the importance of subsidies on eco-friendly packaging, increased support for food processing facilities to generate rural jobs, and policy-driven investments in Tier 2 and Tier 3 cities to foster innovation in agri-tech, health-tech, and green-tech.

Nidhi Singh envisions the budget as a game-changer for startups. "Swiftly approved policies simplifying taxation and promoting sustainable practices can fuel startup growth," she shared. Nidhi also stressed the significance of reduced taxes on essential supplies, support for cold-chain infrastructure, and encouragement for local sourcing, which could enhance operational efficiency and product quality. She believes these measures would create a thriving and resilient ecosystem for startups.

For Vikesh Shah, the focus lies on operational cost reduction and scalability. "The F&B sector faces challenges like rising input costs. Tax relief on sustainable packaging and lower GST on dining services could make a substantial difference," he explained. Shah is optimistic that the adoption of advanced kitchen technologies, driven by supportive policies, will boost efficiency and enable brands to enhance customer experiences while contributing to economic growth.

The Union Budget 2025 holds the potential to address these aspirations, fostering a dynamic and innovative environment for the F&B sector while promoting sustainability and economic development.