Budget 2024: From skilling to logistics, industry expects significant announcements from FM
What's in Sitharaman's Budget for you?
Budget 2024 Income Tax Live Updates
Stock market mood check ahead of Budget
Bharath Aitha, Vice President of Marketing at eInfochips (An Arrow Company), emphasises the need for robust public-private partnerships and enhanced investment in R&D to maintain India’s technological leadership. “In the face of global economic uncertainties, the upcoming budget represents a pivotal opportunity for India to fortify its economic resilience by propelling its technological leadership,” he says. Aitha calls for significant investments in skilling and reskilling the workforce in critical areas such as AI, machine learning, and cybersecurity. Additionally, he advocates for incentivising innovation through tax breaks and grants for R&D, which will attract international investments and nurture a thriving tech ecosystem.
Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics Ltd says there is a renewed sense of anticipation and optimism within the logistics sector. “Building on the interim budget's foundation, we foresee this budget to significantly boost infrastructure investments, particularly in multi-modal transport and advanced warehousing. We expect a continued emphasis on green energy and strong EV infrastructure, accelerating our journey towards green logistics. Focus on automation and digitization across the logistics value chain will be crucial to achieving higher efficiencies and reduced costs,” says Swaminathan.
Additionally, expediting the
