Post Budget Quotes from the Senior Officials of Mivi, itel India, BenQ India - GADGET-INNOVATIONS

Post Budget Quotes from the Senior Officials of Mivi, itel India, BenQ India

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Here we are presenting the post Budget 2023, quotes from the Senior Officials of the leading tech industries in India, such as Mivi - manufacturers of gadgets and mobile accessories. itel - itel is also a leading tech company, known for mobiles and accessories. Benq - display technology company.

Ms. Midhula Devabhaktuni, Co-founder and CMO of Mivi ,’ Budget 2023 envisions a futuristic India that will be more green and sustainable. The Green Growth initiative highlights the efficient use of energy across various economic sectors. These green growth efforts will help in reducing the carbon intensity of the economy and providing for large-scale green job opportunities, something that we are emulating for our new resource set-ups in Hyderabad. Additionally, the new initiatives for Make AI in India and Make AI work for India will aid in the development of cutting-edge applications and scalable solutions that will help create more employment, opportunities in India.

Mr Arijeet Talapatra, CEO at TRANSSION India, ‘The Union Budget allocation towards the development of electronics manufacturing clusters and implementation of the National Policy on Electronics, along with the reduction of customs duty on certain components, is a major step forward for the industry. This will provide a much-needed boost and help us compete at a global level, leading to increased domestic manufacturing and exports of smartphones. This is a move towards democratizing technology aligned with itel’s vision and transitioning towards a smartphone & digital economy.’

Mr. Rajeev Singh, Managing Director, BenQ India ,’ The Union Budget 2023 is a reflection of a nation's priorities and aspirations, and it provided a roadmap for its economic growth and development backed by technology. This year’s budget encourages domestic value addition in the manufacturing of mobile phones and televisions by reducing customs duties on specific parts and inputs, thus boosting the economy further. India has made significant advancements over recent years in the domain of technology development and integration across various industries. The budget will help drive both the government and private sector companies to further promote the growth of technology-based businesses and digital infrastructure. The country has also seen growth in sectors such as software development, IT services, and e-commerce, as well as advancements in areas such as artificial intelligence, machine learning, and the Internet of Things (IoT). The rise of Indian start-ups and the increasing availability of venture capital funding has and will continue to contribute to the country's technological growth.