As the industry waits for the upcoming Union Budget 2016-17, there are varied expectations from the government to undertake further steps that will propel the economic growth and enhance the socio-economic environment of the country. Here we have given a quick rundown on the expectations of the industry stalwarts from the imminent budget in form of quotes below:
Shrikant Shitole, Managing Director, India, Symantec: “From being a vertical niche, IT has become a horizontal technology, being used in a wide range of sectors—including but not limited to policy priorities like education, healthcare, infrastructure development, and financial inclusion. As the country is advancing towards becoming a knowledge economy under the Digital India initiative with technology as the pivot, the upcoming budget is a perfect opportunity to reinstate the blue-print for sustained growth and we hope to see an increase in the annual budget for IT projects.
Moreover, from a technology adoption point of view, while mobility and cloud adoption are on the rise, India continues to ranks high both as source and destination of cyber attacks. These risks can impede the potential benefits of ‘Digital India’ programme. Hence, it is imperative to allocate 10% of the IT budgets exclusively for cyber and information security to ensure that the citizens are truly empowered to use the IT infrastructure and e-governance services.”
Manjunatha KG, Chairman & CEO, Kenscio Digital: “Circumnavigating the government initiatives of ‘Make in India’ and “Startup India”, this budget has to be in sync with these ambitious movements by providing appropriate fiscal incentives to business and enterprises. To realize the “Digital India” aspiration, the government needs to empower both the industries that are into creation and adoption of cutting edge digital technologies for competitive advantage. For this, the budget has to ensure smoothing of taxation barriers for new product/technology development and provide enough incentives to inspire innovation in the field of Digital technology.”
Sanjai Gangadharan, Regional Director-Saarc, A10 Networks: “In 2015, the industry welcomed the reduction in tax rate on royalty and fees for technical services from 25% to 10% facilitating technology adoption at low costs. This year we expect the government to touch up on critical issues like cloud protection laws and cyber security. India is one of the leading source as well as the destination for cyber-attacks and hence it’s imperative that the government sets aside budgets to drive synergies between the academia and industry to collectively fight security issues. The explosion of mobile devices and apps, plus the move to SDN, NFV, and cloud is driving the need for a new breed of converged network security capabilities that provides high level of visibility and control, without compromising on performance and scalability.”
Koichiro Koide, MD, NEC India: Leveraging on the power of ICT and with good governance, I believe that India will be able to achieve its goal of achieving its smart cities mission in the long term. We appreciate that the Indian government has taken significant steps in the last one year to promote smart cities and the country’s 100 smart cities mission which would be an encouraging boost to companies. The union budget 2016 must focus and encourage investment in the IT sector to make the government’s plan of building smart and cities safer.”