Post Budget Reactions – Union Budget 2020-21 – Tech Mahindra & Barco

The Finance Minister of India unveiled Budget 2020-21, aimed to bolstering incomes and improving purchasing power, stressing that the economy’s fundamentals were strong and inflation was well contained. On this budget what technology sector has said?

CP Gurnani, MD & CEO, Tech Mahindra, said, “With a thrust on talent, technology and  entrepreneurship, Budget 2020-21 is a promising budget in support of making India’s $5 trillion economy dream come true. It is heartening to see initiatives that are aimed at enhancing digital penetration in the country by making Fibre to the home (FTTH) accessible to 100,000 Gram Panchayats via Bharat Net, which will go a long way in bridging the digital divide. Also, the decision to build data centre parks for the private sector is another step towards making India a data economy superpower. Furthermore, strategic initiatives aimed at leveraging new-age technologies like the Internet-of-Things, machine learning, robotics, bioinformatics, quantum computing and artificial intelligence across sectors will further help in laying the foundation of a robust, digital economy.”

“The 2020 Budget has been drafted around the key themes of talent, technology, entrepreneurship and sustainability and we applaud the Centre’s efforts at boosting the economy.  The Hon’ble Finance Minister has maintained focus on tourism by announcing that iconic destinations will be connected by “corporate” trains like Tejas and with the plan to develop 5 archaeological sites into iconic sites. Five
new smart cities have also been proposed and Barco looks forward to partnering with the Government in this direction.” says Rajiv Bhalla, Managing Director, Barco India.