Sanmeet Singh Kochhar, Vice President, India & Mena, HMD Global Global welcomed the Union 2022 budget for strengthening Indian digital boost.
We are pleased that the Indian government, is accelerating the digital economy with the urge to build telecommunications infrastructure.
With the implementation of 5G technology in 2022-23 by private telecommunications providers, we estimate the promotional growth and great opportunities presented to request 5G capable devices.
5G will release new economic opportunities and social benefits that provide the potential to be transformational forces for Indian communities.
Activating affordable broadband, cellular service proliferation, and placing optical fiber in rural and remote areas will promote several applications and technology solutions.
Thus, cellphones will be bridges that take e-preformed services in urban areas to rural areas.
The government’s focus encourages consumers and companies and we believe it is time for the world to recognize ‘make in India’.
Mandeep Manocha, Co-Founder & CEO, cashing budget 2022, is a step in the right way to connect India to Atma Nirbhar Bharat.
Government contributions to R & D in sunrise opportunities such as AI, semiconductors and their ecosystems and calibration of import duties and concessions on domestic manufacturing of high growth electronic goods and in the telephone charger, transformants, the required encouragement can be provided for improvement This sector.
The startup ecosystem does appear as a driver of growth for the country.
Rationalization of additional costs is limited to 15% for individual and AOP companies on the increase in long-term capital along with the period of merger expanded until 2023 March for the Benefits of Tax Startup will support the amplification of startup ecosystems in India.
In addition, the establishment of the Expert Committee on the increase in investment in INR 5.5 lakh Crore last year through venture capital and private equity for the startup ecosystem would be proven to be an invaluable asset for companies entering the room.
With a sustainable focus on 5G network caliber that is affordable as part of the PLI scheme in rural and urban areas in addition to the 5% annual collection allocation below the USOS will definitely link growth in the telecommunications and consumer electronics sector.
Manish Sharma, CEO, Budget Indiaunion Panasonic 2022 continues to pave the way for sustainable economic growth in Amrit Kaal, supported by a consistent structured approach.
It underscores the government’s commitment to digital India and investment in public private partnerships through game replace initiatives such as the Gati Shakti program, investment in the sunrise sector and MSMEs, introduces policies for clean energy, among others.
In line with the Panasonic business strategy, we look forward to details about the policy of exchanging batteries and participating in the story of Indian electric vehicles (EV).
Also, the commitment to building a circular economy is the need for hours because the world sees a gradual sustainable solution.
We hope to be able to discuss how export can be with further incentives and policies can be increased for designs led by local factories.
From the point of view of the electronics sector, we expect reforms in the Union FY budget 2022 – 23 which will accelerate the growth channeled by consumer demand.
From individual perspectives, no change in the tax structure can also be relievablet because it defines stability at the moment.
Although more money in the hands of taxpayers can help drive consumption in the short term.
Rajeev Sharma, Chief Strategy Officer, Mitsubishi Electric India Pvt.
Ltd.
This is a growth-oriented budget, I am convinced that increasing capital expenditure sharply by 35.4% will have an additional effect on overall economic growth.
It is good that policy makers understand that almost half of our population will likely live in urban areas in 2047, when India is in 100.
Announcements for developing urban capacity such as mass transit, planning assistance, etc.
Will act as a good principle for state development.
The budget has shown a good balance between current needs and future demand.