“The fiscal budget 2022-23 was extremely new-age as anticipated and promising for growing businesses especially within the ambit of Atma Nirbhar Bharat and Digital India mission. We welcome the Government’s revamped focus on urban infrastructure and development. We believe the introduction of town planning schemes and transit-oriented development will create a massive opportunity for e-mobility in India. The policy push towards building and improving efficiency of India’s EV ecosystem will play a crucial role in encouraging more and more consumers to adopt eco-friendly ways of commuting for both short and long-distance travel.

 Initiatives like Drone Shakti for startups and an expert committee to help attract investments, PE/VC is an encouragement for many players with the mission to expand their businesses and export goods manufactured in India to the world. In the larger context, this strengthens India’s mark on the global map and continues to be the manufacturing hub which will also boost FDI. The budget is very holistic and definitely aimed for the next 25 years as assured by honorable FM in her opening statement.

 As India becomes the third-largest startup ecosystem after US and China, we would like to congratulate the government for emphasis laid on ‘Ease of Doing Business’ during the past couple of years. With extension on tax incentives for startups and Emergency Credit Line Guarantee Scheme (ECLGS) until 2023, we are hopeful that businesses especially MSMEs will get the much-needed respite in registering strong recovery during the post-pandemic era.”

-          Mr. Sachin Chopra, Co-Founder and CEO, Ninety One Cycles