Post Budget 2022 quote: SME/MSME/EV/Automobile/Health and wellness,/Lifestyle/CBD/Cannabis
1. Dr. Akshay Singhal, , Founder, Log9 materials:
“The Central Government’s constant push for EVs and climate action is commendable, and the same outlook has been resonated in this year’s Union Budget as well. The openness showed by the Government to accommodate new-age business models like battery swapping are a welcome step, and the push to encourage battery- -as-a-service and energy-as-a-service business models will provide further thrust to emerging homegrown startups in these areas. At the same time, financial decoupling of batteries irrespective of swapping has the potential to enable faster adoption. Going ahead, it would be exciting to see some great climate focussed debt lines initiated from blended finance. However, bringing EVs and batteries into priority lending sector was also expected this time, but was missed in this Budget, which is albeit disappointing to note.”
2. Shivam Singhee, CEO & Co-Founder, Awshad: working in Health and wellness,/Lifestyle/CBD/Cannabis
“The Union Budget has provided a great infrastructure and Make in India push. However, from the health and wellness sector perspective, the Budget could not really live up to the expectations. Although some positive announcements have been made by the FM, such as the rollout of the National Digital Mental Health Programme and the National Tele-Medicine program, which is a testimony to the fact that the Government is keen to address the growing mental health issues of the pandemic-bruised population of our country. Going forward, the need for additional incentives or tax breaks for wellness and holistic healing enabling companies or startups might arise.”
