Industry Welcomes Interim Budget 2019

This year's budget was unleashed by the Ho'ble Finance Minister at the parliament and the nationwide entrepreneurs from almost every industry segments have started sharing their feedback.

Calling Finance Minister, Piyush Goyal's Budget a forward-looking policy document, Mr. J K Gupta, CFO, Tata Technologies commented, “This is a forward-thinking, growth-oriented budget with a special focus for all, bridging the rural urban divide, while embracing modern digital technologies for the holistic development of the nation. The initiative to create one lakh digital villages in the next five years shows its commitment to bridging the digital divide. The government’s recognition of the importance of clean energy to build a pollution-free India is evident through its Vision 2030 roadmap. The initiative envisions India driving on Electric Vehicles with renewables becoming a major source of energy.”

Another feedback came from Sunil Jose, Senior Area Vice President and Country Leader, Salesforce India on the interim budget announcement made. he mentioned, "We are delighted to see the Government's focus on setting up a National Centre for Artificial Intelligence (AI) in order to bring the benefits of AI and related technologies to the common person. In a recent research commissioned by Salesforce, 65% of Indian respondents were positive about AI and its usage. Businesses using AI have the opportunity to amplify our human intelligence, better connect to consumers and impact societies like never before. We are delighted and welcome the government’s visionary step to support and democratise access to AI and related technologies. This is equally important for businesses like Salesforce is the penetration of AI skills among the workforce. Globally, all eyes will continue to be on India and we look forward to being a part of this journey."

Welcoming this budget from MSME's perspective, Nikhil Arora, Managing Director and Vice President, GoDaddy India stated, “We welcome the Union Interim budget 2019-20 and the government’s focus towards helping small businesses, startups and women-owned MSMEs. With impetus on strengthening the digital infrastructure, e-marketplace, initiatives supporting rural India and emerging technologies like artificial intelligence, government has reiterated its commitment to bring a holistic and sustainable technology-led development for the country. Moves to allow taxpayers with income up to Rs. 5 lakh to get a full tax rebate and abolish custom duty from 36 capital good are consumer-friendly steps that will help put the money back in the consumers’ pocket and encourage ease of doing business. In this year’s budget, we were hoping for a solution for the current credit issue troubling MSMEs. But at the same time, we are positive about the India government’s push towards digitally transforming the nation, and will continue working with our partners to ensure we play our part in realizing this vision, providing right tools and solutions to enable small and independent businesses to get their ventures online and grow successfully.” –