Synersoft Technologies expects the union budget 2023 to be MSME friendly. MSMEs are the key sector of the Indian economy to creating jobs, boosting exports, and realizing “Atma Nirbhar Bharat.”
I hope that the Budget 2023 focuses on encouraging MSMEs to adopt technology to upgrade to Smart Manufacturing and enhance Cybersecurity. It is the right time for Indian MSMEs to adopt technology to sharpen their competitive edge.
The expectation for the upcoming union budget is to ease the procurement of technology infrastructure for MSMEs. It could be in the form of increased depreciation on technology infrastructure products, availability of low-interest loans to procure IT equipment, and subsidy on adopting cloud services.
Such incentives will motivate MSMEs to invest in and spend on technology for Operational Efficiency, Compliance, Business Continuity Maintenance, and Cybersecurity. It will strengthen the Indian MSMEs in our pursuit to realize the dream of becoming the world’s manufacturing hub.
