BANGALORE: Here are some of the post budget reactions from the tech leads:

According to Bhaskar Pramanik, Chairman, Microsoft India, “An inclusive budget focused on growth.”

According to Sandeep Ladda, Leader - Technology, PwC India, “"The Government has introduced certain key measures such as the place of effective management concept which could be relevant to IT/ITeS companies having outbound operations.  With introduction of GST and improvements in financial infrastructure of the postal network of India, eCommerce companies are likely to get respite.  Reduction in withholding tax rate from 25 percent to 10 percent on royalty and fees for technical services is likely to encourage Tech startups and facilitate technology transfer to India.  With a view to provide fillip to the start ups in technology industry, the Government has set aside $ 165 million to support all aspects of start ups, which is a welcome announcement.”

According to Jerold Pereira CEO at Videocon Mobile Phones, “We welcome the Union Budget 2015 and believe it will give boost to local manufacturing as government increased duty benefits for domestic producers of electronic items, this is in line with PM Modi’s “Make in India” initiative. The decision to expedite National Optical Fibre Network Programme (NOFNP) will lead to more Indian citizens going online.

The reduction in basic customs duty on raw material inputs to optical fibre cables and manufacturing components of handheld devices will reduce the cost of this programme and fuel the demand for better services in online content delivery and communication.”

According to Rakesh Dugar, Chairman & Managing Director - Mitashi, "Make in India and now ensuring employment to our youth, we have to make India the manufacturing hub of the world is a very good move announced in the budget presented by the Finance Minister Mr Arun Jaitley. Reduction in custom duty on raw materials and intermediaries is good for the sector.

Introduction of GST from next year and delaying implementation of GAAR is positive for the business in India. The fast paced clearance for starting business in India will attract more investments to the country. The said National Skill Mission, to develop employability of youth below 25 years of age will address the existing gap of trained manpower. Introduction of a comprehensive bankruptcy code for the ease of doing business by 2015-16 is an encouraging one."

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