BUSINESS

Post-budget reactions from Chakr Innovation and Sunkind Energy

editor 1 year ago 2 min read

Mr. Kushagra Srivastava, Co-Founder of Chakr Innovation

Mr. Kushagra Srivastava, Co-Founder of Chakr Innovation, expressed enthusiasm for the government's visionary initiatives aimed at building a Viksit Bharat by 2047. “The recent budget represents a pivotal step towards essential reforms and growth, promoting large-scale youth skilling and offering incentives across the manufacturing, agriculture, and urban & rural infrastructure sectors,” he remarked. The establishment of a ₹1,000 crore venture capital fund and specifically, the ₹1 lakh crore R&D fund are crucial for the growth of India’s deep tech revolution. Additionally, the new measures to boost job creation in the manufacturing sector, such as providing one month’s salary to new hires, are commendable. This initiative not only energizes and motivates the workforce but also aligns with our mission to create meaningful employment opportunities.

Mr Hanish Gupta, Founder CEO & of Sunkind Energy:

“We welcome Finance Minister Smt. Nirmala Sitharaman's budget that resonates with the spirit of vision of Viksit Bharat 2047. The budget marks a seminal shift for India's renewable energy sector. By equipping one crore households with rooftop solar panels through the PM Suryaghar Muft Bijli Yojana, the government is taking a big step toward reducing our reliance on fossil fuels and reshaping our energy future. The expanded exemption for capital goods in solar panel production is an astute move, designed to elevate domestic manufacturing capabilities and make solar energy more affordable.

We also appreciate the government's new initiative to promote job creation in the manufacturing sector and motivate first-time employees to take part and contribute to the growing GDP of the country. These bold initiatives underscore India's unwavering dedication to its ambitious target of 500 GW of renewable energy by 2030, setting the stage for a brighter, cleaner tomorrow.”