Mr. Vinay Chhabra, Co-founder and MD, AceCloud, a brand of Real Time Data Services, said,
“The Union Budget 2025 introduces initiatives and reforms that build on the path set in previous editions. Technology continues to remain a key focus area, and this budget saw its application across several areas. The launch of the National Manufacturing Mission is a strong step forward in strengthening the ‘Make in India’ movement. Its broad focus on clean technology and sustainability complemented by the increased credit to SMEs and MSMEs will spur investment and innovation in this area.
Additionally, the significant focus on AI, including ₹500 crore for a Centre of Excellence in AI-driven education, marks a pivotal move towards transforming India into a global hub for industrial clusters, sustainable urbanization, and long-term economic resilience. The proposal to explore a Deep Tech Fund of Funds, along with the provision of 10,000 fellowships under the PM Research Fellowship Scheme, reflects a forward-thinking approach to nurturing research and development in cutting-edge technologies. These measures have the potential to drive significant advancements in sectors such as artificial intelligence, machine learning, and other emerging fields.
The plan to establish a national framework for Global Capability Centers in tier 2 cities is a forward-thinking strategy that will build on the success of the GCCs in India and create new job opportunities while helping to ease urban migration and drive equitable distribution of development and wealth.
To summarize, this budget continues to unlock the potential in the powerhouse that is India, especially in the world of technology.