ESOPs and Creation of e-marketplace is a welcome announcement for Small Businesses: Nikhil Arora of GoDaddy on Budget 2020

Budget Reactions from Digital major GoDaddy in the form of welcome for ESOPS related Finance MInister's announcement in the Budget speech and also creation for e-marketplace.

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Mr. Nikhil Arora, Vice President and Managing Director, GoDaddy India :

“The Union Budget 2020 is a reflection of the Government of India’s vision and commitment towards delivering inclusive growth. The proposed reforms especially those focused towards MSMEs and startups such as the provision of seed funding for early-stage startups and setting up of a portal based investment clearing cell, will further help to bolster the growth of independent ventures in India. Big announcements like deferred payment of ESOPs, as well as the creation of an e-marketplace for MSMEs, are also laudable steps by the Government towards uplifting the overall entrepreneurial spirit in the country. We also believe that the proposed allocation of INR 99,300 for education and the allocation of INR 3000 for skilling initiatives, can be instrumental in delivering better educational infrastructure and innovation. As India gears up to chart the next chapter in its strong growth story, we at GoDaddy continue to work in collaboration with the Government and our partner ecosystem, to help entrepreneurs and small businesses grow their ventures online, with our easy-to-use and affordable tools and solutions.”

Mr. Dheeraj Khattar, Founder, MyMobiforce – AI-based crowd-sourcing platform to manage on-demand services:

“We are happy that Govt is continuously focusing on Skill development and In the current budget has planned 3000 crores for the same. But the challenge still remains the end outcome making these skilled workforce employed, self-employed or given some entrepreneurship opportunities. Govt has to be experimental in spending money for skill development. The intent of skill development is to develop ability in people do the associated job. Govt should find out some avenues where job or opportunity givers ( MSME or Enterprise ) have higher stake in driving the training programs across the country and enables people to earn money.”

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