While India has already emerged as the fourth largest start-up destination, with an affirmative support from the Government, we have the capability of reaching newer heights. Nucleus Software is proud to be a pioneer and supporter of the Make-in India and Digital India journey that India has embarked on.”

According to  Mr. Pardeep Jain, MD, Karbonn, “By focusing on progressive steps like reducing the rates of basic customs on 22 items including certain inputs, raw material, intermediates and components, the Union Budget 2015 is aimed to strengthen domestic manufacturing. As the role of indirect taxes is very important in boosting domestic manufacturing, the proposal of corporate tax cut from 30 percent to 25 percent and reducing taxes on services from 25 percent to 10 percent is going to push forward ‘Make in India’ initiative.

This will support the mobile and telecom services eco-system, bringing down manufacturing costs and reduce tax liabilities of companies to help them attract investments and create job opportunities in the country. By proposing the full exemption on all goods and reducing the SAD on imports of certain other inputs and raw materials, the Finance Minster has created a roadway for a robust manufacturing in the country. However, to safeguard the interests of the indigenous mobile handset players, the revisions in excise duty structure should have been unrolled gradually to give optimum time to local handset manufacturers to thrive and strengthen their manufacturing capabilities in the interim.”

According to Devita Saraf, CEO and Design Head – Vu Technologies, "Government’s make in India initiative has been initiated to encourage the local manufacturers. But in contrast I believe the budget has been quite disappointing. Presently, the import duty is extremely high. Even we import our TVs.

We were hoping for some standard operating procedures whereas the excise duty has been increased on manufacturing. I believe that to support their own initiatives and the country, they should have done much more. Furthermore, we were also hopeful on the digitization aspect. But overall, there hasn’t been much considered to materialize Make in India and Digital India initiatives.”

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