BUDGET 2017 Expectation quote – Mr. Piyush Sharma, CEO GORB

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GORB is a website and app, set to change the way we consume food by acting an as intermediary between consumers and food suppliers. It’s a kitchen you can download! With the finest handpicked chefs on board, a quality meal that matches your mood is just a few taps away. The tagline of the brand is ‘Jaisa mood waisa food’ with a promise to cater to customers’ every food mood. At GORB, you can choose from a multi cuisine menu that factors in your individual tastes, your comfort food cravings and even your sweet tooth indulgences.

 

PFB the pre-budget quote shared by – Mr. Piyush Sharma, CEO, GORB

 

“Owing to the recent demonetization policy, this is probably the most awaited Union Budget. Lately, the food-tech sector has seen many ups and downs, however, the sector has immense potential to grow. 2017 can see a new wave in the sector if policy regulations like ease of compliance are implemented. While the Start-up India programme launched by Prime Minister Narendra Modi is a welcome move that will make investors take notice of start-ups, the need of the hour is to increase budget allocation for investment in better infrastructure and Internet penetration. The budget should include special allotments for experimentation with innovations and technology. The Government needs to make technology more affordable and introduce initiatives to increase adoption of technology to encourage digitization. Though, the government has taken some key steps to promote cashless or digital transactions to take India towards a cashless economy, lowering the Transaction Discount Rate (TDR) on card payments will benefit consumers and boost digital transactions. Additionally, the Government’s move to  waive service tax on debit and credit card transactions of up to INR 2,000  and other such initiatives will benefit the sector. Furthermore, support schemes, easy access to funding better options on loans and other banking policies for small home entrepreneurs and digital adoption initiatives by the government will lend a further impetus to the sector. Moreover, tax exemptions for start-ups will allow entrepreneurs to devote their time, energy and resources to build upon their innovative ideas. We are looking forward to the move to extend the tax holiday from 3 years to 5 years. Likewise, we look forward to clarity and closure on GST implementation. This budget can be an engine to propel the growth in the startup ecosystem.” – Mr. Piyush Sharma, CEO (GORB)

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