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  • Budget Reaction Quote – Indian Angel Network, Seros Logistics, Shiprocket, Coldrush logistics, Unicommerce, Powerplay, Adda247, Stocktwits and Knorish

    Published on February 2, 2022

    1- Spokesperson Details:- Padmaja Ruparel (Co-founder of Indian Angel Network & Founding Partner, IAN Fund)

    IAN is glad that our demand for an expert committee to look at regulatory frameworks for the VC industry is addressed in the Union Budget 2022. This budget opens up huge opportunity for start-ups across Defence, Agriculture, Drone, Fintech and mobility sectors. The focus on digitization across sectors will lead the way towards innovation for start-ups. Introduction of digital rupee using blockchain and other technology will further boost opportunities for start-ups in India. We appreciate the FM’s empathy, in light of covid,  by extending the period by a year for startups to avail tax incentives.

    2- Spokesperson Details:- Ashish Agarwal (Director & CEO at SEROS Logistics)

    We at Seros Logistics welcome and support govt mission towards a sustainable future. Government commitment towards Capex hike of 35.4% and a focus on smart expenditure has ensured the acceleration of what the economy has received will continue.

    As announced in the interim budget 2022, India has emerged as the fastest highway developer in the entire world. The Gati Shakti master plan for expansion of highways/expressways by 25,000 kms in FY23 will go a long way for the logistic sector which will not only boom transport but will also strengthen connectivity between Urban and Rural sectors. Introduction of 100 Cargo Terminals under PM Gati Shakti will boost supply chain for local products and enable efficient logistics for small farmers & enterprises. Focus on green logistics by supporting the EV Market and addressing energy transition and climate action & financing of investments in this space is a brilliant step

    3- Spokesperson Details:- Tanmay Kumar (Chief Financial Officer, Shiprocket)

    We appreciate Government’s empathy towards the start-ups by extending the period by a year for start-ups to avail tax incentives around the tough times of Covid. The announcement of ‘One station, one product’ under the PM Gati Shakti plan will help the supply chain of local products. The budget has focused on the development of infra projects which will boost the logistics system in India and will help us to become enablers of effective logistic system. The Government has emphasized on digitisation of payments and it’s a good news for small businesses and entrepreneurs who wants to start their business.

    4- Spokesperson Details – Kartik Shah (CEO, Coldrush Logistics)

    The vision of the Indian Government around the “Gati Shakti” plan to expand roads and highways give an impetus to the road transport sector. Highway infrastructure is crucial for the benefit of roadways as they help in time as well as fuel savings and are a path to the prosperity of the nation. The focus on logistics parks that are announced will also surely be a path breaker to build a more integrated logistics system within the country while optimizing overall costs.

    5- Spokesperson Details – Kapil Makhija – (CEO, Unicommerce)

    The budget’s elaborate focus on building digital economy and technology-enabled development is extremely encouraging. As mentioned during the budget that start-ups have emerged as growth drivers for our economy showcases the immense potential of India’s startup ecosystem.  Its evident that the government’s push on 5G, connectivity and logistics will  help the ecommerce industry to develop and grow further. Technology will be a key enabler here leading to improve logistics and ensure faster deliveries. We are excited to see this growth journey and are extremely optimistic about the future. Brands and companies’ increased focus on Tier 2 and Tier 3 cities will prove to be the real game changer. We look forward to continue to partner with the ecosystem players and simplify ecommerce selling with our technology solutions that will support the nation’s growth objectives, generate employment and strengthen India’s digital economy.

    6- Spokesperson Details – Iesh Dixit (Founder & CEO of Powerplay)

    Union Budget 2022 is progressive – especially with its emphasis on Digitization across India which will benefit the startup ecosystem in the longer run. The FM clearly emphasized the top priorities of the government – PM Gati Shakti for sustainable growth, inclusive development, productivity enhancement, and financing of investments which will not only boost the construction ecosystem but also create a lot of jobs in the construction sector

    7- Spokesperson Details:- Anil Nagar (CEO and Founder at Adda247)

    After a tumultuous two years in the education sector the government is increasing support through the Union Budget 2022. We welcome the path breaking initiatives of government to revive the education sector:

    1. Building digital university will overcome the barriers in class room teaching especially during pandemic and provide universal learning to students across the country.

    2. “One Class One TV Channel” scheme will act as a supplementary medium for education in rural areas. This will surely help to cover the loss learning due to covid in last two years.

    8- Spokesperson Details – Mr. Shiv sharma – (VP International, Stocktwits)

    The plan to introduce digital rupee using blockchain and other technologies is exciting. This will be a key industry milestone and impact the Indian fintech landscape. We are looking forward to seeing how digital currency applications can support existing retail investors and provide easy access to those who are not currently participating in financial markets

    9- Spokesperson Details – Mr. Kinner N Sacchdev – (CEO at Knorish)

    It is very encouraging to see that the government has focused on digitization and has also focused on the growth of the Startup Ecosystem which is the backbone of Indian Economy. It’s a milestone for all the startups who are pushing tech adoption to ensure PAN India services especially in the uncatered non-metro markets where a lot of talent is still unaware of the rapid growth. Government vision of digital education in the rural areas gives online learning a new horizon for rural connect.

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