Edimax
One of the world’s leading manufacturers of advanced network communication products. Edimax Technology is dedicated to designing, development, manufacture, and marketing of a broad range of networking solutions. Mr. Sanjay Joshi, Country Manager at Edimax India, gives his comment on the 2017-18 Budget must-haves:
- Firstly the industry welcomes the government’s initiatives to build digital infrastructure from the scratches for achieving faster and better economic growth. Keeping an important focus on digitization, the government has shown good intent in keeping up the momentum of the Make in India and Digital India Mission.
- Initially additional benefits should be provided to those who are opting for cashless transactions through credit cards, debit cards, bank services and mobile wallets are expected to be part of the Union Budget 2017-18.
- We hope that GST timeline, import duty stabilization, financial fiscal adjustment and game changing policies including tax incentives will be address in this budget.
- Furthermore, the government should majorly focus on improving the IT security, digital literacy, and network infrastructure, especially in rural sectors. Creating awareness about pros and cons of digitization needs to be done in rural public as Internet and cybercrime are inseparable enemies.
Savera
Savera Digital India is one of the fastest growing IT distribution house in India, engaged in distribution of various types of IT products, and is a key distribution market player with a nationwide reach. Mr.Gopal Pansari ,Director at Savera Digital India, gives the following recommendations.
- These days government is announcing more economic programs such as Make in India and Digital India, so we have positive and high expectations from the Union Budget 2017-18 as compared to the previous year.
- For FY17-18 we hope that Government should balance out the Businesses of the fast growing e-commerce Industry and physical retail industry by giving some tax incentives and government must implement GST to boost economic growth which will actually benefit the manufacturing industry and the export segments.
- The government will be benefited by promoting R&D benefits for the organizations to innovate and come up with newer and better technologies. This demonstrates concrete actions to revive investment, increase growth and generate employment which will impact the industry.
- Support for Digital India initiatives and access to better network connectivity in rural areas will boost the economic and domestic spending of the country as more and more citizens will be able to access e-commerce sites. This will provide much-needed growth to the e-commerce sector of our nation.
- Further, inspired from the Digital India concept of the Government and by keeping eyes on the Technology Driven Nation, we have also changed our name from Savera Marketing Agency to Savera Digital India
Pegasystems
Pegasystems, the software company empowering customer engagement at the world’s leading enterprises. Sharing his views, Mr. Suman Reddy, MD, Pegasystems India gave the following recommendations focusing on ‘Digitalization’:
- From an IT employee perspective, there is an anticipation of increasing the minimum limit for taxable income.
- There is also a need restructuring of the tax slabs (currently 10% charged on 2.5 lakhs – 5 lakhs, 20% for 5 -10 lakhs and 30% on income above 10 lakhs) given the inflation over the years, increasing the limits will certainly help create a better consumption economy.
- The government could also re-look at the increasing the exemption limits on allowances such as house rent, travel, education, medical reimbursement etc.
- Transforming citizen services to become 100% digital will require a significant investment targeted towards upping our current technology capabilities and infrastructure in the country.
- As for the startup front, building of a cohesive ecosystem for entrepreneurs is a continuous process and we hope to see relief for the start-up community in the form of tax slabs expansion.
- Additionally, rationalization of MAT (minimum alternate tax) in special economic zones is another area where we can expect some traction.
