Post Budget Reaction from Tech Mahindra, Barco and Golden

Jagdish Mitra, Chief Strategy Officer & Head of Growth, at Tech Mahindra said, “It is a very positive budget from a technology sector perspective, as it sets the right message about 5G labs, setting up AI center of excellence and the focus around skilling, which is absolutely the key need for the country as we live through the Prime Minister’s vision on TechAde and technology being the core enabler. From a business perspective, steps around ease of doing business have been taken and I think that’s commendable. I would like to congratulate the Finance Minister and the government for taking these steps.”




Anand Shukla, MD, Ocean Infraheights (Golden I) Said, “’The announcement for INR 10,000 crore per year for urban infra development fund will provide a major boost to the real estate sector. This will be beneficial for the use of priority sector lending shortfall and will provide robust momentum to the real estate sector. The enhancement of 66% in the outlay for PM Awaas Yojana, will ensure the protection of housing rights at the grassroots level. Our initiatives in the areas of retail, IT/ITES offices, and residential construction are in line with the goal of promoting sustainable economic development while preserving the environment.




Managing Director, India & Vice President APAC, at Barco, said, “Indian economy is heading towards a bright future, the ‘Saptrishi’ of the Budget 2023 prioritizes on inclusive development, reaching last mile, unleashing potential, green growth, youth power. Announcement around adding 50 tourist destinations as a whole package and focusing holistically on physical as well as virtual connectivity, tourist guides, high standards for food streets, and tourists’ security through an app to enhance tourist experience, is a significant step that will unlock the growth and job opportunities in the sector. The Budget is perfectly aligned with Barco’s aim to make India a popular tourist destination with a visible impact, allowing people to enjoy compelling entertainment experiences. Further, the Budget has focused on overall growth & sustainability as India has the potential to be a world-class infrastructure center, moving toward net zero carbon emissions by 2070 & setting up the AI-based solutions in health, education, and sustainable cities will give an additional push towards the extensive use of technology.