Stalwarts Say

Debjani Ghosh, President, NASSCOM
Debjani Ghosh, President, NASSCOM
February 02, 2024

The focus on building capacity, capability, and resultant growth through key announcements such as Centres of Excellence to develop AI for India, Agritech Accelerator Fund, and effective development of 5G services, is expected to give a fillip to the country’s innovation quotient and instil the right confidence on startups to innovate for last-mile impact. Another notable highlight of the budget speech was the establishment of Data Embassies in India. Green Growth, as the finance minister articulated is an area where India has articulated a bold vision

 

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Debjani Ghosh, President, NASSCOM
Debjani Ghosh, President, NASSCOM
February 02, 2024

Despite global economic uncertainty and recessionary headwinds, India has emerged as a bright spot and in the weeks and months ahead, the country is expected to be the driver of the global economy. This budget has set the unique path for India to emerge as a stronger engine for global growth. One that is focused on ensuring Digital For Development. Since 2014, the government’s efforts have ensured all citizens a better quality of living and a life of dignity. This is reflected in the more than 76% increase in digital payment transactions and 91% increase in value in 2022, and we saw 7,400 crore digital payments of ₹126 trillion through UPI in 2022.

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Vipul Shah, Chairman, GJEPC
Vipul Shah, Chairman, GJEPC
February 02, 2024

“Gem & Jewellery Export Promotion Council (GJEPC) welcomes Union Finance Minister (FM) Smt Nirmala Sitharaman’s announcement to make our country Viksit Bharat by FY2047. Exporters will agree with Hon. FM that globalization is being redefined and a new world order is emerging after the pandemic. For gem & jewellery exporters, the recently announced India-Middle East-Europe Economic Corridor is a strategic and economic game changer for India and others. Just as the CEPA trade agreement has increased jewellery exports to the Middle East, we welcome bilateral trade agreements with European countries and others to boost gem & jewellery exports. We welcome FM coining real G.D.P. growth as well as her emphasis on Governance, Development & Performance.

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Sulajja Firodia Motwani, Founder and CEO, Kinetic Green
Sulajja Firodia Motwani, Founder and CEO, Kinetic Green
February 02, 2024

“Today’s announcements on the interim budget for Viksit Bharat illustrate the government’s steadfast commitment to creating a developed India by 2047. The significant progress gained in all aspects of infrastructure physical, digital, and social over the last decade demonstrates our multifaceted economic management, which effortlessly aligns focus on infrastructure building with aggressive capital expenditure; with inclusive and people-centric development.”

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Manos Nikolakis, General Manager, BIC Cello, India
Manos Nikolakis, General Manager, BIC Cello, India
February 02, 2024

“The government has been continually working to support the education sector. It’s paving the way towards a more prosperous future underlined by innovation, empowerment, and societal advancement by elevating the education infrastructure, skills development programs and digital initiatives. This is evident through budget allocation to the sector as well as key initiatives such as Pradhan Mantri Schools for Rising India (PM-SHRI), and New Education Policy.”

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Prasan Firodia, MD, Force Motors
Prasan Firodia, MD, Force Motors
February 02, 2024

“It is heartening to note the balanced and growth-oriented Interim Budget for the fiscal year 2024-25. The budget focuses on boosting capital expenditure to strengthen the nation’s infrastructure, creating a conducive ecosystem that fosters innovation and entrepreneurship and laying the groundwork for transformative progress in various sectors.”

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Anuj Poddar, MD & CEO, Bajaj Electricals
Anuj Poddar, MD & CEO, Bajaj Electricals
February 02, 2024

“The budget has positively surprised everyone with a low fiscal deficit target, which is prudent and commendable, especially in an election year. The continued impetus on government capex outlay is a strong positive for the economy.”

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Angshu Mallick, MD & CEO, Adani Wilmar Ltd
Angshu Mallick, MD & CEO, Adani Wilmar Ltd
February 02, 2024

“The Union Budget 2024 lays the foundation of inclusive growth that will lead to ‘Sabka Vishwas’. The next five years holds the promise of unprecedented development towards realizing the dream of developed India @ 2047. The trinity of demography, democracy and diversity supported by ‘Sabka Prayas’ has the potential to fulfill aspirations of every Indian.”

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Arjun Ranga, MD, Cycle Pure Agarbathi
Arjun Ranga, MD, Cycle Pure Agarbathi
February 02, 2024

“We express contentment with the government’s focus on MSMEs, noting their crucial role in the global market. The government’s commitment to enhancing the competitiveness of MSMEs through strategic training initiative sets the stage for a promising future. We foresee a brimming future for both women empowerment and the MSME sector.”

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Arjun Ranga, MD, Cycle Pure Agarbathi
Arjun Ranga, MD, Cycle Pure Agarbathi
February 02, 2024

“We are elated to witness the government’s dedication to women’s empowerment. Our workforce, predominantly comprising women, stands as a testament to the impactful contributions they make to our success. This budget not only recognizes but reinforces the crucial role women play in the workforce.”

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T S Kalyanaraman, Managing Director, Kalyan Jewellers
T S Kalyanaraman, Managing Director, Kalyan Jewellers
February 02, 2024

“The PM Vishwakarma Yojana is playing a critical role in empowering the India’s artisan community. With benefits extending across 18 trades, it symbolizes the Government of India’s holistic approach towards preserving traditional craftsmanship and contributing significantly to the nation’s economic fabric.”

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T S Kalyanaraman, Managing Director, Kalyan Jewellers
T S Kalyanaraman, Managing Director, Kalyan Jewellers
February 02, 2024

“We welcome the interim budget announced by FM Nirmala Sitharaman, and commend the Government of India’s consistent efforts in ensuring inclusive growth as well as recognizing the pivotal role of women in economic transformation, through a diverse array of initiatives. The country’s phenomenal growth trajectory and economic prowess in the past decade, has been nothing short of extraordinary, particularly the surge in FDI, which witnessed two-fold increase over the past two decades. As we celebrate the golden era, we would like to applaud PM Modi’s commitment and vision for fostering a thriving economic landscape. The ‘First Develop India’ (FDI) initiative, geared towards encouraging foreign partnerships, exemplifies a collaborative spirit towards economic progress.

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