Sunday, July 3, 2022
Tech ObserverEnterprise ITArtificial IntelligenceIn Budget 2019, PM Narendra Modi govt has given fair impetus to tech sector: Pega India MD Suman Reddy...

In Budget 2019, PM Narendra Modi govt has given fair impetus to tech sector: Pega India MD Suman Reddy Eadunuri

According to , Prime Minister government has given fair impetus to the technology sector in Union interim and this indicates government’s commitment to use technology as a platform to build a Digital that reaches every citizen, by transforming 1 lakh villages into Digital Villages.

“Focusing on AI in two consecutive budgets, the announcement of a national centre for AI supported by Centres of Excellence in 9 priority areas conveys how important this key technology is for the government, as the country aims to become a $5 trillion economy in the next 5 years. This furthers the announcements in AI investments and institutions made in 2018 which expands the scope of research and collaboration,” said Eadunuri.

He emphasised that however, the industry is looking to understand how these institutions are creating a favourable environment to foster entrepreneurship or AI research, and how the investment is creating on-ground impact, helping enterprises and deep-tech start-ups to create market value. The national AI portal is a good move to facilitate the vision of Minimum Government, Maximum Governance as part of Vision 2030, being a catalyst for emerging technologies, and a platform to unite the efforts of a massive institution like the central government.

“The emphasis on increasing tax-paying base, and reducing tax burden on middle class, in addition to GST show the government’s overall commitment to plug leakages and improve tax collection processes. The reform of the tax environment shows rapid strides towards efficiency and transparency. Given the interim nature of this budget, expectations around corporate tax, Place of Effective Management and skilling involvement in the IT sector have been missed. We are hoping the full-fledged Budget in July will address key expectations and boost the output of the industry,” said Pegasystems India MD.

Subscribe to receive the day's headlines from Tech Observer straight in your inbox

- Advertisement -

Your Comment on this Story


Share on activity feed

Powered by WP LinkPress


Please enter your comment!
Please enter your name here

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -ESDS SAP HANA Community Cloud
- Advertisement -Digital Senate 2022


- Advertisement -