Trishneet Arora, Founder, Director & CEO at TAC Security
The last few years and more so the pandemic times, has seen India emerge as a global success story on use of digital technologies to transform lives of citizens. The Union Budget announced today further carries forward this resolve and empathetically places digital as the way ahead. The role of Blockchain technology and its leverage to introduce Digital Rupee in the country, reflects the long-term potential of this new-age concept. Though not explicitly mentioned in the budget, cyber security landscape certainly stands to benefit out of this ever-evolving stature of digital technologies in the country.
Sonit Jain, CEO – GajShield Infotech
“The impact of Covid on the electronic supply chain has impacted production for many industries. In the upcoming budget, we would like to see a major push and incentive for setting up electronic and chip manufacturing in India, reducing our dependency on imports and helping to create an eco-system to drive innovations in India. To make India a global player in the high tech industry, we look forward to export incentives for Made in India, networking and security products. Skilled manpower is a key requirement for every industry, we expect an increase in budget allocation for higher education and R&D which would make our country future-ready and build a work-force ready to innovate and create products for the world. With reduced spending during the pandemic, we are looking forward to an increase in tax slab so that salaried class will have more money in hand, fuelling further growth in the new financial year.
Sunil Sharma, Managing Director – Sales, Sophos India & SAARC
“We welcome the move by the Government of India to boost logistics as a means towards ensuring economic growth. The proposal to set up a Unified Logistics Interface Platform is a welcome move. Leveraging technology to complement the development of infrastructure will help bring in better efficiency. Furthermore, with real-time tracking, and inventory management as a part of the platform, this will go a long way in bringing India at par with global supply chain networks. LogiNext has always been an advocate for digitisation of supply chains, and it is reassuring to see the Government work towards this. The decision taken to extend the tax incentives provided to startups till March 31, 2023 is a reflection of the Government’s commitment towards ease of doing business in India.”
Vishal Shah, Co-Founder, and CEO, SYNERSOFT TECHNOLOGIES PRIVATE LIMITED
“Budget 2022 has a positive impact on the IT and Telecom Sector. Calibration of custom duty rates will help local manufacturing of electronic products including computers. The inclusion of 5G in the PLI scheme is a welcome decision. The game-changer is the schemes pronounced for MSMEs which will lead to better liquidity and expansion outlook in the MSME sector. IT sector can expect significant investment and expense in IT services and products by MSME sector.”