Expectations – Union Budget 2024, Noise

Amit Khatri, Co-Founder, Noise
“India’s path to ‘Viksit Bharat’ hinges on nurturing technology breakthroughs through deep tech entrepreneurship. A Nasscom-Zinnov report shows that 14% of startup funding in the last five years has gone to deep-tech startups. It is crucial for the new government to establish a strong regulatory framework to support the startup ecosystem and ensure efficient fund allocation to encourage strategic R&D efforts. Some improvisation in the National Policy on Electronics (NPE) can boost manufacturing by strengthening local smart wearable production and enhancing India’s global presence.

Guided by Aatmanirbhar Bharat, we additionally seek government support for extensively localizing component production, fostering a lucrative environment where homegrown brands can lead globally. Incentivizing domestic production through tax breaks, subsidies, and R&D funding will enhance India’s manufacturing capabilities. We are ready to collaborate with the government to make India a global leader in the smart wearable industry, driving economic growth, creating jobs, and delivering innovative products that enhance millions of lives.”
BCS Bureau