1. Mr. Ashish Singhal, CFO & Company Secretary of CORE Diagnostics Pvt Ltd-
Mr. Ashish Singhal, CFO & Company Secretary of CORE Diagnostics Pvt Ltd, Gurgaon said “I am optimistic about the Union Budget 2024-25. The emphasis on infrastructure financing, incentivizing R&D, and regulatory policies for health startups aligns with our vision at Core Diagnostics. We believe that these measures will foster innovation, enhance accessibility, and ultimately improve patient outcomes in the healthcare sector. We look forward to seeing the positive impact of these policies on the diagnostics industry and the healthcare sector as a whole. This Interim Budget was neutral for the Diagnostics industry, we hope for the favourable budget in the Final budget.”
2. Mr. Laxmikanth Thipse, Founder & CEO, GameCloud Technology –
“We are pleased with the Union Budget 2024, which has taken several steps to support the gaming industry and promote innovation and creativity in the sector. The government has announced a ₹5.54 lakh crore stimulus package, which will create more opportunities for growth and employment in the gaming sector. The government has also proposed to introduce a duty credit script of 10% for export-oriented gaming companies, which will help them access global markets and compete with international players. The government has also allocated ₹500 crore for the development of a National Gaming Centre, which will provide state-of-the-art facilities and infrastructure for game developers and esports organisers. The government has also extended the tax holiday and capital gains exemption for startups by one more year, which will encourage more entrepreneurship and innovation in the gaming space. We at Gamecloud are committed to providing our clients with the best video game testing and quality assurance services, and we are confident that the budget will create a conducive environment for us to achieve our vision of contributing to the success of game studios globally.”- Mr. Laxmikanth Thipse, Founder & CEO, GameCloud Technology –
3. Deepak Gupta, Sr. Vice President at Advait Infratech
Deepak Gupta, Sr. Vice President at Advait Infratech says “The Budget’s focus on enhancing offshore wind energy capabilities and developing renewable energy sources aligns perfectly with the country’s commitment to achieving a Net Zero target by 2070. The incentivization of green hydrogen, biofuels, and electric vehicles, as outlined in the Budget, not only underscores the importance of sustainable energy but also opens up new avenues for economic and technological growth. This forward-thinking strategy paves the way for a more sustainable and environmentally conscious future.”
4. Mr. Kumar Ranjan, CEO & Co-Founder, eFeed –
“The Indian Budget 2024’s focus on integrating advanced technologies like AI, ML, and IoT into agriculture marks a transformative era for the sector. These technologies will enable precision agriculture and livestock management, significantly enhancing farmer productivity and ROI. The proposed tax incentives for adopting these technologies will catalyze innovation, driving a more efficient, sustainable future in farming. Additionally, the use of AI, ML, and IoT will improve the quality of produce, aligning with the global standards of agricultural excellence”- Mr. Kumar Ranjan, CEO & Co-Founder.
5. Dr. Ananthakrishnan Gopal, Co-Founder & CTO at DaveAI
“With investment funding drying up, the requirement for impetus from the government on R&D is very important. “Announcing a 1 lakh-crore funding with close to zero interest and long-term financing is a fantast impetus for start-ups working on cutting-edge technology. The hope is that this investment is done in a methodical and outcome-driven manner to fund real start-ups instead of shell-companies, and tie future funding to tangible outcomes.”– Dr. Ananthakrishnan Gopal, Co-Founder & CTO at DaveAI
6. Sriram PH, Co-Founder & CEO at DaveAI
“Stable governance and policies are indications of a strong economy and I believe this year’s budget reflects that. The positives for the startup ecosystem is the extension of tax benefits by another year. While the expectation was more firm outcome-driven measures, this is a good step. The emphasis on leveraging deep technology and interest-free funds for research & innovation will certainly help deep technology startups in the country.”- Sriram PH, Co-Founder & CEO at DaveAI
