New Delhi: The technology sector will emerge as a major investment hub, the industry said on Wednesday as it expects the new government to continue to prioritize high-tech manufacturing, innovation and entrepreneurship.
The industry's comments come as the National Democratic Alliance (NDA) has got a clear majority in the Lok Sabha elections, although for the first time since 2014, the BJP has fallen short of the magic figure, leaving it with serious pressure on its allies for the government. Has become dependent. Build.
Early-stage technology investment firm Picus Capital said the technology sector will emerge as a hub for large-scale investment.
Naman Jhawar, partner and head of India and SEA at Picus Capital, said, “With the government's continued commitment to foster innovation and entrepreneurship, India can be propelled to become a leading country in the global technology transformation.,
He said a new administration often brings policy changes that can have different impacts on different sectors.
“We should expect a period of regulatory adjustment as the new government implements its agenda, which may include changes to taxation, trade policies and industry regulations. These changes will present new strategic investment opportunities, especially in areas that are experiencing new growth. Will benefit from the initiative,” Jhawar said.
Varun Gupta, co-founder of BOULT, believes the new government can prioritize innovation, youth empowerment and entrepreneurship in line with the broader focus on governance, growth and performance.
Gupta said, “As our sector maintains its upward trajectory, government support plays a vital role in enhancing global competitiveness.He said the electronics sector, in particular, is set to surpass mere import substitution and grow into a formidable export hub.
He said the Production-Linked Incentive (PLI) scheme for hearables and wearables has the potential to play an important role in realizing the government's ambitious export targets, thereby significantly enhancing the sector's competitiveness and contribution to the global market. Will get a boost.
Harsh Gehlot, co-founder and CEO of FinEdge, said that further steps can be taken towards digitalization.
Gehlot said, "While new policies should be introduced, the new government should continue to move forward to make the Indian manufacturing sector competitive, especially in the areas of defense manufacturing, semiconductors and renewable energy."
The industry's comments come as the National Democratic Alliance (NDA) has got a clear majority in the Lok Sabha elections, although for the first time since 2014, the BJP has fallen short of the magic figure, leaving it with serious pressure on its allies for the government. Has become dependent. Build.
Early-stage technology investment firm Picus Capital said the technology sector will emerge as a hub for large-scale investment.
Naman Jhawar, partner and head of India and SEA at Picus Capital, said, “With the government's continued commitment to foster innovation and entrepreneurship, India can be propelled to become a leading country in the global technology transformation.,
He said a new administration often brings policy changes that can have different impacts on different sectors.
“We should expect a period of regulatory adjustment as the new government implements its agenda, which may include changes to taxation, trade policies and industry regulations. These changes will present new strategic investment opportunities, especially in areas that are experiencing new growth. Will benefit from the initiative,” Jhawar said.
Varun Gupta, co-founder of BOULT, believes the new government can prioritize innovation, youth empowerment and entrepreneurship in line with the broader focus on governance, growth and performance.
Gupta said, “As our sector maintains its upward trajectory, government support plays a vital role in enhancing global competitiveness.He said the electronics sector, in particular, is set to surpass mere import substitution and grow into a formidable export hub.
He said the Production-Linked Incentive (PLI) scheme for hearables and wearables has the potential to play an important role in realizing the government's ambitious export targets, thereby significantly enhancing the sector's competitiveness and contribution to the global market. Will get a boost.
Harsh Gehlot, co-founder and CEO of FinEdge, said that further steps can be taken towards digitalization.
Gehlot said, "While new policies should be introduced, the new government should continue to move forward to make the Indian manufacturing sector competitive, especially in the areas of defense manufacturing, semiconductors and renewable energy."
