Getting some Union Budget Expectations from Cybersecurity experts in terms of startup and cybersecurity.
Mr. Shikhil Sharma, CEO, and founder, Astra Security,
“The upcoming budget will be the biggest testimony for India’s posture in this new post COVID19 world. A sharp focus on employment & entrepreneurship lead growth is anticipated. Over the last decade, Indian IT startups have preferred to have their headquarters in the US or Singapore to have a friendly tax & compliance setup. If this budget is able to address this by offering more relaxed & flexible compliance to these startups, it’ll not only attract more investments but keep made in India startups, in India. New policies should facilitate the smooth landing of offline businesses in a digital world by relaxing compliance requirements which in turn will enable payment gateways to offer these businesses a smoother transition. This will empower more Indian SMEs to take their products and services across the globe. As India prepares to become more digitally savvy in 2021, we need to shore up our defenses against cyber-attacks by enhancing data protection and have a much-strengthened policy in place for all sectors which is enriched via consultations from startups and companies working in this space, public consultations and aligned with best global practices.”
Sonit Jain, CEO of GajShield Infotech said:
“With a strong push for Make in India, it was never been more exciting ever for companies making products in India for the World. This year, we would like the government to include tax exemption for companies making products in India and also for employees working in such companies. With data security being as important as revenue growth for companies, a policy framework to enhance the digital culture of India, by incentivising companies to build strong data security infrastructure will fuel further growth of India. Covid has shown how Work From Home is no longer a buzz word, but a necessity, we look forward that this budget accelerates spending in rural digital infrastructure, thus making work from anywhere a true possibility. This will not only ensure the development of our rural economy but also help in decongesting cities. All of this would require a workforce well equipped with the knowledge of latest technology, spending on education to boost research in universities will help build a nation with knowledgeable and intelligent future generation.”
We have been covering this from the past few weeks and will continue to do this coverage for another few weeks. However, once the budget is announced we will explain the budget and then cover the industry feedback on post-budget. so, we request all the industry stakeholders to connect with us on post-budget feedback as well.