Alok Dubey, Chief Financial Officer, Acer India
“The Union Budget unveiled today echoes the government’s objective of “Digital Development” for the country. It places a high value on technology and innovation as a whole. Realizing the vision of “Make AI in India and Make AI Work for India” is projected to strengthen the country’s standing in the technology industry globally and generate numerous possibilities for the youth. The mention of lowering the minimum TDS threshold and clarifying taxability linked to online gaming is an encouraging step towards gaming industry in India, and it is expected to open up more prospects in the following year. This year’s budget also has prioritised sustainability; this is a step toward a green future that allows businesses and SMEs to enter the market with green products and services; this is a commendable and promising move. Overall, the Union Budget 2023 is promising and represents a significant step toward digital transformation and a holistic sustainable growth.”
Pinaki Chatterjee, CEO & Founder of AADONA
“The Union Budget 2023 has given a fresh push to make in India for the electronics sector. We are pleased with the government’s decision of lowering custom duties on several components while increasing them on the finished product. The Budget extending concessional custom duty on several input parts by one more year to boost local manufacturing investment is a great move of the government and a good opportunity for manufacturers like us.”
Kuldeep Malhotra, Dy. Managing Director, Konica Minolta Business Solutions India Pvt Ltd.
“We are delighted to have a Union Budget that focuses on introducing new technologies on a wide scale. Since our youth is the backbone of our economy, Finance Minister Nirmala Sitharaman talked about training millions of youth within a period of the next three years under the government’s Pradhan Mantri Kaushal Vikas Yojana 4.0. The scheme will also cover new-age courses for Industry 4.0, like coding, AI, robotics, mechatronics, IOT, 3D printing, drones, and soft skills. These are the technologies that will assist businesses across multiple fields to function smoothly. Additionally, the decision to set up 30 Skill India International Centres will open the doors of international markets to Indian youth.
Furthermore, with Budget 2023, the government is taking its sustainability initiatives to new heights. Programs that promote green fuel, green energy, green farming, green mobility, green buildings, and green equipment, are the need of the hour. These green growth efforts help cut down the carbon intensity of the economy and provide large-scale green job opportunities.”
Muneer Ahmad, Vice President, Sales and Marketing, ViewSonic India
“We are happy to see that the budget 2023 talks at length about decreasing the digital divide by introducing National Digital Libraries that will facilitate access to quality books for children and adolescents across geographies, languages, genres, and levels. Furthermore, the centre’s mission to re-envision teachers’ training through innovative pedagogy, curriculum transaction, continuous professional development, dipstick surveys, and ICT implementation will help boost the sectoral growth and knowledge sharing with the District Institutes of Education and Training set to be developed as vibrant institutes of excellence for this purpose. Furthermore, we are excited to see that the centre is working towards setting up of three Centres of Excellence for AI (Artificial Intelligence) in top educational institutes. It is a progressive measure that will help boost knowledge sharing and technology development in the education sector. However, we expected substantial measures in the budget for the allocation of resources for the development of technology in the educational sector. This would have supported higher investment and opened doors for new ventures in the industry.”
Chitranshu Mahant, CEO and Co-Founder, Primebook
“Given that India constitutes the 3rd largest startup ecosystem, we are glad that the government will set up a “Skill India Digital Platform” where digital skills will be expanded and given focus. Setting up a hundred labs for developing applications using 5G services would be an area we at Primebook will look forward to supporting. Moreover, the infrastructure for Digital Library can also be facilitated by PrimeOS; thus, we are excited to see the future of this proposition. There is a need to encourage digitisation on the grass-root level to help reduce the digital divide. We are glad that the Eklavya Model Residential Schools will be serving 3.5 lakh tribal students and making opportunities more accessible to economically weaker sections. We would have liked to see an allocation to develop smart classrooms because integrating technology for skill development and education is a key way to reach the bottom line and make a real difference. We also missed the government’s push towards the development of infrastructure and education in this announcement which are key pillars for economic growth.”
