Post Budget Quotes by Start Ups and MSME Company

Nirmala Sitharaman: 'Giving Cash Support to Poor Not the Only Solution, No One Could Have Been Wiser to Migrant Crisis'
Commenting on Post Budget 2020 announcement made today Mr. Vinay Jain, Founder and CEO, Grafdoer said, “We appreciate the Government’s focus on sanitation industry under Swachh Bharat Abhiyan campaign committing to Open Defecation Free Country by allocating INR 12,300 crore. This is an exceptional move towards the development of our nation. The Government’s emphasis on supporting the MSME sector by providing employment opportunities and providing  a subordinate debt by banks is a much appreciated move. We are positive about the Government’s focus on boosting the domestic manufacturing sector, as that will further boost Made In India. Also, the reduction in the Income Tax Slab has given a relief to the middle class sector of our Society, as it will increase their buying power and boost the market.”

Mr. Satish Gupta, Executive Director, JK Technosoft Ltd. said, “In the era of globalization, the Union Budget 2020 focused deeply on ‘Aspirational India’ and ‘Digital Revolution’ with emphasis on evolving the economy digitally by skilling India and increasing job opportunities in the budding as well as cross-cutting fields of Data Analytics, Artificial Intelligence (AI) Robotics and Machine Learning (ML). The Government also announced building of data centre parks throughout the country along with allocation of INR 8,000 crore to set up for the National Mission on Quantum Computing and Technology. Furthermore, the use of AI in ‘Ayushman Bharat’ Yojana, will help in developing the healthcare industry using advanced technology such as AI and other enterprise solutions, thereby achieving seamless delivery of services. We also applaud the Government’s move to empower Rural India by helping 20 lakh farmers set up standalone solar pumps and 15 lakh solarise grid-connected pump sets.”

Ms.Ruchi Garg, CEO, Co-Founder, Venuelook- an online marketplace for venue booking said “The full-fledged 2020 budget is commendable as it has all the right intentions and steps for the Indian economy to be a game changer. Especially focussed on entrepreneurship and startups which will create more jobs in the country. Sticking to the mission vision and targets for the Indian economy hence, there will be more women centric developments which will increase the number of women entrepreneurs in India. More regime in technology will help startups and the private sector to reach Tier I and Tier II cities, as it will give more opportunities to young talents. All the measures announced in the Union budget 2020 will help and boost our growth in the upcoming financial year.”  
 
Mr. Ashwani Rawat, Co-Founder & Director, Transerve Technologies Pvt. Ltd. said, “We commend the Government’s announcement of proposed budget allocation in setting up 5 new Smart Cities under PPP model and further extend our support to this initiative. While the Government proposed to expand the horizon of ongoing ‘Swachh Bharat Mission’ in order to undertake sustainable solid waste management harnessing latest technology in every village, we further hope that this initiative highlighted by the FM would be extended to urban areas as well.”
About Neel Achary 19148 Articles
Neel Achary is the editor of Business News This Week. He has been covering all the business stories, economy, and corporate stories.