Fri. May 14th, 2021

Technology industry cheers Budget’s focus on AI, ML; asks for revival of SEZ policy

The technology industry has cheered the Union Budget 2020’s thrust on the technology sector applauding various announcements including the Rs. 8000 crore mission on Quantum Computing, the policy for personal sector to create data center parks and therefore the abolition of the Dividend Distribution Tax.

While presenting the Union Budget, minister of finance Nirmala Sitharaman said that technology, are going to be used for better monitoring of the economic data, building a preventive regime for diseases under Ayushman Bharat, capturing and protection of property rights, improving agriculture and sea-ports and delivery of state services. a replacement scheme for incentivising domestic manufacturing of electronics specifically mobile phones also will be announced, she added.

Debjani Ghosh, President, NASSCOM said, “Budget 2020 and therefore the finance minister’s speech has well-articulated India’s vision on not just being a number one provider of digital solutions, but one where technology is that the bedrock of development and growth’.

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