Post-Budget reaction by Alten Calsoft Labs
Post-Budget quote from VP at Alten Calsoft Labs Mrinmoy Purkayastha:
We are happy to see the FDI limits in Defence increased to 49% enhancing capital inflow, as well as technology transfers and manufacturing investments, in the Aerospace & Defence sector. The proposed Rs. 10,000 cr venture fund for MSMEs/startups, is a very good step in the right direction. We must encourage entrepreneurship and innovation in sectors like high tech, healthcare and manufacturing to strengthen our economy. Additionally, some good policies were made for the education sector, especially to increase the number of institutes offering technical and medical education in India. This is very important for our country to reduce the cost of higher education and make graduate education more accessible to students in sub-urban/rural areas, thereby contributing to the economy. Overall, a big thumbs for the Union Budget 2014.