“The provisions in the Interim Budget are not just encouraging but also indicative of the government’s proactive approach towards economic rejuvenation. Most importantly, its enthusiastic focus on key sectors and initiatives is commendable, setting a positive tone for the vibrant future of the overall economy and industries across the spectrum. While we are highly optimistic about the transformative impact these measures will have on the economy, we are equally hopeful for the efforts towards growth in the IT industry to take the next leap forward. We also appreciate the government’s proactive efforts towards boosting the IT industry through PLI scheme under which it has already disbursed more than Rs 1600 crore, and further it has allocated Rs 6,903 crore in interim budget 2024. All these initiatives will further boost the development of semiconductors.”