Hyderabad, February 1st 2020: This interim budget, has a fair impetus on the technology sector. We see acknowledgement of the role of AI, Analytics, IoT along with schemes to deploy these technologies in the public sector. The setting up of a digital platform for seamless application and capture of Intellectual Property Rights (IPR) moves us closer towards an era of enhanced public-private partnership where technology will play a decisive role.
The implementation of a policy to build data centre parks throughout the country is another welcome move which will help immensely in data management. As the 5th largest economy of the world with a vibrant startup ecosystem, the announcement to create more opportunities for entrepreneurs and setting up of an Investment Clearance Cell which will offer assistance in funding will boost the industry.
India’s plan to invest Rs 8,000 crore (~$1.12 billion) over the next five years in the National Mission on Quantum Technologies (NMQT) is a step in the right direction which will augment the industries dependent on these future technologies. India’s plan to come up with five new smart cities further solidifies its stance of a sustainable and citizen centric future which I am sure will elevate the quality of life.
Suman Reddy Eadunuri, MD, Pegasystems India
