Post-Budget Reaction by Mr. Sudhindra Holla, Country Manager, Axis Communications India & SAARC

The budget put forth this year by our Finance Minister, Arun Jaitley has been well thought of and it addresses the much needed security and infrastructure needs of the country. The focus on security is particularly commendable, with INR 1000 crore being added to the Nirbhaya fund. This shows that the government is taking security and surveillance seriously. The country is at a crucial juncture in terms of security and this announcement is a very welcome one, which will boost trust and well-being among citizens. We look forward to this announcement being implemented soon. 

To further boost the ‘smart cities’ campaign, the government has also announced funds for infrastructure development. INR 25, 000 crore is being allocated for the rural infrastructure development and INR 1,200 crore for DMIC project – this will definitely steer India towards becoming a ‘smarter’ country. For the surveillance industry, this will provide a significant market and potential, since to maintain the infrastructure, security and surveillance will be fundamental. As with the smart cities, about 10-15% of the total cost for the infrastructure will go in security systems. 

That said, the budget has been very good and we appreciate and applaud the center’s effort to make this country a safer place to live.

© News Service

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