“It is heartening to see how this year’s Union Budget focuses on promoting India as an investment and innovation hub. Focus on entrepreneurship, skill development and supply chain economy as well as thrust on technology are important for the growth of the Government’s Digital India and Make in India programs.
Measures such as an Investment Clearance Cell, early stage fund and multiple tax rebates and relaxations for startups–will help widen their scope and provide more opportunities. From a business perspective, Government continues to extend its support to MSMEs and bolster their growth by allowing for debt restricting, all of which will help boost the entrepreneur ecosystem.
We also laud the Government’s focus on improving the supply chain economy. Measures such as geo-tag warehouses and establishment of efficient facilities at the block level will be key for ensuring zero wastage and optimizing resource allocation.
We are now excited to witness how the industry makes the most of these initiatives for entrepreneurship and drive innovation to further the spirit of India Vision 2025.”