“Mr. Karan Kumar, Co-Founder & CTO, Hogar Controls praises the boost to ‘BharatNet’ initiative saying “Union Budget 2019 has been a game-changer for internet availability across India. The announcement to step up the internet penetration in every corner of India is a concrete move towards bridging the digital divide that would further fuel innovations in the digital arena. The major thrust on AI, IoT, and 5G will allow us to come up as a global brand with the line of innovative automation solutions crafted specifically for the Indian market.
In this budget, we are seeing a lot of new initiatives which are the starting points for upcoming budding entrepreneurs on their journey towards realizing their dream start-ups. This should be a great platform for a start-up like ourselves to initiate tax planning, investment opportunities through dedicated bouquet channels set up for this sector. These initiatives will help us in giving a better understanding of the tax, statutory and regulatory framework in India.”