Union Budget 2025: Industry Leaders Call for Startup Growth, AI Innovation, and Strategic Investments – IT Voice | IT in Depth

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Union Budget 2025: Industry Leaders Call for Startup Growth, AI Innovation, and Strategic Investments

 DashLoc

“As the Union Budget 2025 approaches, it is crucial for the government to focus on bolstering the startup ecosystem by reducing regulatory complexities, which often hinder growth. Establishing dedicated IT software parks can provide startups with essential infrastructure and foster innovation. Additionally, simplifying access to loans through banks and government-backed schemes will ensure that startups can secure funding more efficiently, enabling them to scale and contribute significantly to the economy. These measures will create a conducive environment for startups to thrive and position India as a global leader in innovation”- Mr. Sumit Singh, CEO and Co-founder of DashLoc

Superbot

Mr. Sarvagya Mishra, Founder & Director at Superbot, All eyes will be on the Finance Minister as she announced the Union Budget 2025. We believe that this year, we have an incredible opportunity to position India as the global hub for AI innovation and hope that the Union Budget 2025 will give a great boost to AI research, development, and commercialization to drive job creation and economic growth. The government should consider supporting entrepreneurship in the field, by introducing tax rebates and subsidies for AI start-ups in the domain of healthcare, education, and governance – promoting AI innovation in solving real world problems.

The budget should look into addressing hyper-local challenges, improving agricultural yield or making education more accessible in India. Furthermore, provisions should also be in place for boosting the AI infrastructure, high-performance computing and skill building in the domain. The government should also consider giving tax rebates to companies investing in skill-based hiring or upskilling initiatives. The focus should also be in promoting start-up-specific investment funds or supporting tokenization models to enhance funding access to early-stage and growth-stage start-ups.

The government may also have the critical task of ensuring data privacy, while allowing start-ups to innovate in creating global models of excellence. Government initiatives in promoting global collaboration will help Indian start-ups gain recognition and prominence at a global stag
e“- Mr. Sarvagya Mishra, Founder & Director at Superbot.

Oreo One Digital

Vivek Surve, AI Expert and Founder, Oreo One Digital “India stands poised at the cusp of an AI-powered revolution, with the potential to transform its economy and society. The upcoming Union Budget 2025-26 presents a critical opportunity to nurture this burgeoning sector and solidify India’s position as a global AI leader. This budget holds the key to unlocking the full potential of AI, from driving economic growth and improving public services to addressing societal challenges. By strategically investing in research and development, cultivating a skilled AI workforce, and fostering a conducive ecosystem for innovation, the government can propel India to the forefront of the global AI race. We are anticipating key areas where the government can intervene to maximise the impact of AI on the nation’s progress, focusing on crucial aspects such as research and development, talent development, data infrastructure, and ethical considerations. “

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