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Budget reactions: On women entrepreneurship, tax laws, R&D & more

Here’s looking at what Indian companies and startups have to say about Budget 2016-17: Ecommerce companies: - Anurag Avula, founder and CEO, Shopmatic – “.. In totality we are quite pleased with the startup and entrepreneurial announcements, specifically the Special Patent Regime proposed to power innovation and research that we believe will nurture and mentor the next wave of tech stars that will drive a successful economy.” Urvesh Goel, founder and CEO, Syberplace – “We do not see Excise exemption for smartphones, to support Digital India and Make in India. Smartphone is the ‘first screen’ for many users accessing internet. This would have reduced pressure on civil infrastructure and propel growth from within. We also had foreseen a larger budget outlay for rolling out 4G and Wi-Fi in smart cities, to be subsidized, if not make them absolutely free. This could reduce the pressure on roads, in shopping malls and reduce gas pollution from vehicles. If homes can double up as home office and shopping, we could reduce investment requirement for commercial property.” - Dinesh Agarwal, founder and CEO, IndiaMART – “There are all the right keywords, in the Finance Minister’s 9 Point agenda in this budget. Governance and Ease of Doing Business, Education and Skills, Infrastructure, Financial Sector and Tax reforms reflect dedication towards a pro Technology, Infra and Trade oriented year ahead… The Budget further strengthens the Financial System starting with the recapitalization of Banks…” - Kiran Murthi, CEO, AskmeBazaar – “.. Taking the “Start-up India” action plan…

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Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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