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BUDGETS 2024 – from Payoda Technologies and Mirasys (India)

Karunya Sampath, Co-founder & CEO of Payoda Technologies

A major highlight of the Interim Budget is the focus on combining the prowess of India’s youth and technological advancements. As the Finance Minister stated, the idea is to foster a golden era for the youth that is tech savvy. We further welcome the announcement of encouraging the private sector to scale up innovations and research significantly in the sunrise domain to avoid instances like cybersquatting. Also commendable is the vision to leverage deep tech-like technologies for strengthening the country’s defence ecosystem in a self-reliant Atma Nirbhar Bharat.

Mr Arindam Das Sarkar MD Mirasys (India)

We believe that using technologies such as Deep Tech for defence purposes manifests India’s technological mettle on the global stage. The need of the hour is to take the Make in India initiative further and incorporate other technologies such as AI Video Surveillance Analytics for defence as well as the nation’s internal safety & security. It should be carried out with increased public-private partnerships across domains like transportation, railways, highway security, logistics, smart cities etc. Nation’s industrial and cultural assets should also be safeguarded through such security blankets and private enterprises too must take a steadfast approach in the direction. To substantiate the same, we have the example of how Ram Mandir and Ayodhya, as well as key highway networks are already secured through AI-powered video surveillance analytics.

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