in the union budget For 2023-2024, Finance Minister Nirmala Sitharaman is good news for startups. She proposed extending the tax exemption period offered to startups under the Startup India scheme. Among other big announcements, FM said the government will launch the ‘Aatmanirbhar Clean Plant Programme’, the Agriculture Accelerator Fund and others. Here are some quotes from famous startup founders.
Zaiba Sarang, co-founder of iThink Logistics
Adopting environmentally friendly and sustainable practices is the way to the future and governments are giving a lot in today’s budgets. The Panchamrit initiative specifically aims to achieve net zero carbon emissions by 2070, contributing to the green growth of the country. Continuing to provide impetus for EV adoption in India, the government has taken strong steps through tariff exemptions on machinery imported for the production of lithium-ion cells for EV batteries. The budget is also generous for infrastructure development by allocating Tk 75,000 including private investment to improve first and last mile deliveries. As a member of the Logistics Department, we are very pleased to announce these regulations. These provisions will help solve the current connectivity challenges facing the industry, while building a more sustainable future for logistics where efficiency and environmental responsibility come together. because it helps you to sustainable ecosystem.
Jesal DoshiCEO, B Medical Systems
The budget recognizes and supports the medical sector. The government is on track to meet its target of allocating his 2.5% of GDP to health by 2025. Over 100 million individuals were vaccinated as part of a massive vaccination campaign, a major victory for the Indian government. To keep up with the latest healthcare trends, the budget has increased its allocation to a major government program, the National Digital Health Mission. To facilitate collaborative research, the budget also said certain facilities of some ICMR labs will be made available for research by academics from public and private medical colleges as well as research and development teams from the private sector. I’m here. and innovation. There was an overall focus on self-reliance of medical devices by initiating interdisciplinary courses dedicated to medical devices in existing laboratories. The government is also proposing new legislation for better regulation of medical devices apart from pharmaceuticals. Such initiatives will strengthen the healthcare industry and further promote India’s culture of sustainable innovation. believe.
Atul Rai, co-founder and CEO of Staqu Technologies, said:
We solemnly support the Indian government’s goal of establishing a strong AI ecosystem in India and tapping potential AI experts. The government’s Center of Excellence on Artificial Intelligence states, “make AI in India” and “Making AI work in India”. Government support for domestic AI and technological advances can further facilitate industry development by training and encouraging the right resources, both human and material. The upcoming opportunities of Industry 4.0 will make it easier for consumers to access his 5G-enabled cutting-edge applications, driving industry growth. We look forward to a successful year with easier access to a wide range of emerging technologies, R&D and upskilling.
Nishant VeilFounder and CEO of Expand My Business
The union budget announced today by FM provides a clear direction for the country’s entrepreneurial transformation. This year’s budget is aggressive, pragmatic, and committed to supporting innovation in the country to accelerate the economy. For start-ups, the government has extended the incorporation tax incentive for an additional year, allowing him to carry forward losses to offset future profits for 10 years instead of his 7. rice field. Having government support through such provisions is very encouraging for budding companies, especially as the whole world is experiencing an economic slowdown. Policies such as enhanced university-industry collaboration through national data governance policies, simplified his KYC process, and access to de-identified data will also help Indian startups thrive and expand. Entrepreneurship is vital to the country’s economic development and to India, and it is encouraging that the government is taking positive steps in this direction.
Sandipan ChatpadhyayCEO and MD of Xelpmoc Design & Tech
The union budget announced today by Finance Minister Nirmala Sitharaman strongly defines the direction of the country’s entrepreneurial transformation. This year’s budget is aggressive, pragmatic, and fully committed to supporting domestic innovation to fuel the economy. Policies such as enhanced university-industry collaboration through national data governance policies, simplified his KYC process and access to de-identified data will also be a positive boost for Indian start-ups to thrive and further expand. . His three Centers of Excellence in Artificial Intelligence will be established in leading educational institutions to realize the vision of Make AI in India and Make AI Work for India. Entrepreneurship is essential for the country’s economic development and it is encouraging that the government is taking positive steps in this direction.
Zaiba Sarang, co-founder of iThink Logistics
Adopting environmentally friendly and sustainable practices is the way to the future and governments are giving a lot in today’s budgets. The Panchamrit initiative specifically aims to achieve net zero carbon emissions by 2070, contributing to the green growth of the country. Continuing to provide impetus for EV adoption in India, the government has taken strong steps through tariff exemptions on machinery imported for the production of lithium-ion cells for EV batteries. The budget is also generous for infrastructure development by allocating Tk 75,000 including private investment to improve first and last mile deliveries. As a member of the Logistics Department, we are very pleased to announce these regulations. These provisions will help solve the current connectivity challenges facing the industry, while building a more sustainable future for logistics where efficiency and environmental responsibility come together. because it helps you to sustainable ecosystem.
Jesal DoshiCEO, B Medical Systems
The budget recognizes and supports the medical sector. The government is on track to meet its target of allocating his 2.5% of GDP to health by 2025. Over 100 million individuals were vaccinated as part of a massive vaccination campaign, a major victory for the Indian government. To keep up with the latest healthcare trends, the budget has increased its allocation to a major government program, the National Digital Health Mission. To facilitate collaborative research, the budget also said certain facilities of some ICMR labs will be made available for research by academics from public and private medical colleges as well as research and development teams from the private sector. I’m here. and innovation. There was an overall focus on self-reliance of medical devices by initiating interdisciplinary courses dedicated to medical devices in existing laboratories. The government is also proposing new legislation for better regulation of medical devices apart from pharmaceuticals. Such initiatives will strengthen the healthcare industry and further promote India’s culture of sustainable innovation. believe.
Atul Rai, co-founder and CEO of Staqu Technologies, said:
We solemnly support the Indian government’s goal of establishing a strong AI ecosystem in India and tapping potential AI experts. The government’s Center of Excellence on Artificial Intelligence states, “make AI in India” and “Making AI work in India”. Government support for domestic AI and technological advances can further facilitate industry development by training and encouraging the right resources, both human and material. The upcoming opportunities of Industry 4.0 will make it easier for consumers to access his 5G-enabled cutting-edge applications, driving industry growth. We look forward to a successful year with easier access to a wide range of emerging technologies, R&D and upskilling.
Nishant VeilFounder and CEO of Expand My Business
The union budget announced today by FM provides a clear direction for the country’s entrepreneurial transformation. This year’s budget is aggressive, pragmatic, and committed to supporting innovation in the country to accelerate the economy. For start-ups, the government has extended the incorporation tax incentive for an additional year, allowing him to carry forward losses to offset future profits for 10 years instead of his 7. rice field. Having government support through such provisions is very encouraging for budding companies, especially as the whole world is experiencing an economic slowdown. Policies such as enhanced university-industry collaboration through national data governance policies, simplified his KYC process, and access to de-identified data will also help Indian startups thrive and expand. Entrepreneurship is vital to the country’s economic development and to India, and it is encouraging that the government is taking positive steps in this direction.
Sandipan ChatpadhyayCEO and MD of Xelpmoc Design & Tech
The union budget announced today by Finance Minister Nirmala Sitharaman strongly defines the direction of the country’s entrepreneurial transformation. This year’s budget is aggressive, pragmatic, and fully committed to supporting domestic innovation to fuel the economy. Policies such as enhanced university-industry collaboration through national data governance policies, simplified his KYC process and access to de-identified data will also be a positive boost for Indian start-ups to thrive and further expand. . His three Centers of Excellence in Artificial Intelligence will be established in leading educational institutions to realize the vision of Make AI in India and Make AI Work for India. Entrepreneurship is essential for the country’s economic development and it is encouraging that the government is taking positive steps in this direction.