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Pre-Budget Expectations Quote by Ishan Technologies for ICT sector

By Mr Pinkesh Kotecha, MD & Chairman, Ishan Technologies.

As we approach Budget 2024-25, we anticipate pivotal changes in the industry, emphasizing the need for India to realize its USD 5 trillion economy vision. We expect to see a significant increase in allocation for cybersecurity, with strategic implementation through Public-Private Partnerships (PPP) models. We confidently anticipate increased attention to enhancing cybersecurity infrastructure and capabilities. Additionally, incentives for Indian companies setting up data centers, particularly with the surge in GCC hubs in India, are crucial to propel the growth of the country under the Make in India initiative. These initiatives will contribute significantly to the growth of the IT industry, aligning with the government’s vision for a digitally empowered and secure nation. We also expect government to invest in skilling and reskilling programs aligned with industry needs is equally crucial to equip the workforce with the skills necessary to thrive in the evolving IT landscape.

Amidst the exhilarating rollout of 5G and the ongoing mission to connect rural communities through BharatNet, the industry yearns for critical government support to build a robust and inclusive infrastructure. Firstly, the focus must be on bridging the digital divide by expanding high-speed connectivity beyond metros and mini-metros. Involvement of regional ISP in Bharatnet phase 2, Enabling Regional ISPs with VGF for FTTH rollout enables faster last mile rollout.  The revamped BharatNet, supported by Viability Gap Funding, recognizes the integral role of private companies in fostering connectivity and economic growth. This empowers not just tier-1 cities, but propels growth in tier-2 and tier-3 towns, enabling businesses to flourish and communities to access vital information and services. Additionally, for Indian MSMEs like Ishan to flourish in the Telecom sector, we expect government to have a streamlined licensing procedures and single-window clearances. By reducing unnecessary hurdles, the government can unleash the entrepreneurial spirit of MSMEs like Ishan and make us global telecom champions.”

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