“The Union Budget 2020 has provided enormous opportunities for companies looking to set up manufacturing facilities in the country. The steps taken by the government towards making India a manufacturing hub by providing impetus on electronics manufacturing will give further fillip to the Make in India initiative. Additionally, the budget also provides emphasis on making every district of the country an export hub, with the government allocating Rs 27,300 crore for development and promotion of industry and commerce in 2020-21. This initiative will enable Indian companies to develop infrastructure and manufacturing capabilities required to build products that can be exported. We also welcome the government’s commitment towards boosting emerging technologies such as internet of things, (IoT), artificial intelligence (AI), machine learning (ML), Analytics and the creation of a sustainable environment to combat climate change. As a company, Goldmedal Electricals has always been at the forefront of introducing innovative and sustainable solutions that make our planet not only smarter, but also sustainable for future generations.”
