Union Budget 2021 : Expectation Quote from Industry Leaders

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By Team Bollyy
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Union Budget 2021 : Expectation Quote from Industry Leaders

Hi,

If you are planning pre-budget expectation stories, sharing with you the pre-budget expectation quotes from the following companies. Would be great if you could include them.

Lakshmi Mittra, VP and Head, Clover Academy (IT Technology)

Dhruvil Sanghvi, Chief Executive officer, LogiNext (Logistics & Automation)

Mr. Kishan Jain, Director, Goldmedal Electricals (FMEG)

Mr. Niraj Hutheesing, Founder and Managing Director, Cygnet Infotech (IT/ Fintech)

 Lakshmi Mittra, VP and Head, Clover Academy

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“As enterprises move on with their business continuity plans for 2021 after a year full of tech disruptions, the aim should now be to adapt fully to the new normal, and upskilling and reskilling are an integral part of this process.

Organizations now need to focus on holistic development of employees and not just on technical skillset enhancement.

Since, Artificial Intelligence (AI), Machine Learning (ML) and augmentation are increasingly getting integrated in the workplace, digital literacy has become an imperative for employees to function seamlessly in the post COVID – 19 era.

Training and reskilling at organizational level is not going to help the workforce of future. The government need to take this opportunity to re-look at university curricula and skilling programmes and update it with relevant digital-age skills.

It must create the technology infrastructure and internet penetration to create a democratized opportunity to learn digital skills.

Furthermore, it must come up with learning and development initiatives at various levels – national, state, districts and towns to train the fresh talent in these new-age skillsets that have become vital for survival in the new normal.”- Lakshmi Mittra, VP and Head, Clover Academy

Dhruvil Sanghvi, Chief Executive Officer , LogiNext

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"For India, this budget will probably be the most important one in decades. The world has changed and from our perspective, the pandemic has put all focus on the importance of Logistics and Technology.

Global and national supply chain is of paramount criticality in 2021 and beyond. This sector is the backbone of modern civilization and the Indian government should look at ways to simplify global trade.

We build from India for the world and increasingly, more technology startups would be doing this. Currently, there is a very high degree of compliance and paperwork which makes it difficult for technology companies to serve the global audience and this forces companies to shift base outside the country.

Urgent steps in this direction will help high growth companies keep base in India, generate employment across the spectrum and help revive the national economy after the shock of the pandemic." - Dhruvil Sanghvi, Chief Executive Officer, LogiNext

Mr. Kishan Jain, Director, Goldmedal Electricals

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“In 2020, the manufacturing sector faced several challenges due to the pandemic and ensuing lockdown.

To help overcome the obstacles, Prime Minister Narendra Modi gave it a fresh impetus by making it the centre of the Government’s Atmanirbhar Bharat initiative.

The government introduced the production linked incentive (PLI) Scheme in November 2020 to help open up opportunities for domestic and global electronic businesses to increase their manufacturing capabilities.

Even though such steps have been taken to counter the obstacles faced in 2020, there is a requirement in terms of providing further incentives to industry especially when it comes to manufacturing companies, in the forthcoming Union Budget 2021.

The Government can focus on attracting foreign investment, adopting cutting-edge technology, and enhance exports in order to make India a global manufacturing hub, through its ‘Atmanirbhar Bharat’ and ‘Make in India; initiatives.

This in turn will boost employment opportunities for citizens which is the need of the hour in a post-pandemic world.

We look forward to policies that will leave more money in the hands of consumers as it will help boost demand in the economy.” – Mr. Kishan Jain, Director, Goldmedal Electricals

Mr. Niraj Hutheesing, Founder and Managing Director, Cygnet Infotech

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"The ’21 Union Budget provides two big opportunities. Firstly, boost economic growth by scaling investment in digitization.

Secondly, drive technology enabled rationalization of the country’s tax infrastructure. The former will bring employment and self-employment opportunities for the youth through digital initiatives of Start-ups and MSMEs.

The latter will enable businesses to thrive in a simplified indirect- tax compliance regime powered by new technologies like hyper automation.

This will also ensure that the funds collected through GST are used efficiently to have a set framework and policy for GST compliance for all businesses in India, let us see how the government addresses this.” - Mr. Niraj Hutheesing, Founder and Managing Director, Cygnet Infotech

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