Post Budget Quote | Goavega (IT Technology)

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Post Budget Quote | Goavega (IT Technology)

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The initiatives to widen the scope of portals meant to support MSME’s is a good move, and in combination with the ‘One Nation, One Registration’, it will help in ease of doing business. However, while the ECLGS will be extended till March 2023 and its guarantee cover will be expanded by Rs 50,000 cr to total cover of Rs 5 lakh crore, several MSME’s and start-up’s like us, who seek support in terms of tax benefits and access to low interest rates for business loans, have little to look forward to.

On the other hand, the announcement of the 5G spectrum auction in 2022 to roll out 5G services across India and defined timelines to laying of optical fibre in villages by 2025, is definitely a big boost to IT services sector as it will help accelerate innovation and make it more financially accessible to businesses. Steps to further enhance financial technology infrastructure is another positive step towards strengthening the overall digital infrastructure in the country, laying the strong foundation for a tech enabled economy.
Sumana Iyengar – CEO & Co-Founder, Goavega Software Pvt. Ltd

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