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Budget 2024: What startup entrepreneurs expect from FM Sitharaman's interim Budget

Budget 2024: What startup entrepreneurs expect from FM Sitharaman's interim Budget

28/1/24, 6:38 am

As one of the key players in the drone manufacturing industry, Scandron India Pvt Ltd's expectations for Budget 2024-25 revolve around fostering innovation.

Budget 2024: From job seekers to job providers, Indians are shifting towards entrepreneurship. With the new age of tech-driven businesses monikered as startups, young minds come together and manifest how creativity, innovation, and hard work can transform the way they work across various industries in the country. Startups are buzzing with ideas and energy, reflecting the optimistic outlook of the nation.

As one of the key players in the drone manufacturing industry, Scandron India Pvt Ltd's expectations for Budget 2024-25 revolve around fostering innovation. “We anticipate targeted incentives for R&D, tax breaks on technology imports, and streamlined regulations to propel the growth of the nascent drone ecosystem," said Arjun Naik, the company's founder.

He added, “A supportive fiscal environment will empower startups to invest boldly in cutting-edge technologies, driving job creation and global competitiveness. It will not only fuel economic growth but also position our nation at the forefront of the rapidly evolving drone industry."

Article Link: https://www.livemint.com/companies/start-ups/startup-recap-from-union-budget-2023-what-entrepreneurs-expect-from-fm-sitharamans-interim-budget-2024-11702971437093.html

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