Budget 2023: Tech CEOs welcome digitisation push

The heads of India’s high know-how firms have lauded the sturdy push on digitisation within the Union Budget 2023.

“The Union Budget 2023 by the Honourable Finance Minister further builds on the government’s focus on enhancing India’s digital infrastructure and enabling growth pathways for the Indian economy. The provisions for research in artificial intelligence and 5G implementation, and the Government’s vision of Make AI in India and Make AI work for India are commendable. Overall, it’s a forward-looking budget that will fortify the digital spine of the country,” stated Rajesh Gopinathan, MD & CEO, Tata Consultancy Services.

The Finance Minister has proposed the establishing of three Centres of Excellence in Artificial Intelligence to give attention to agriculture, healthcare and sustainable cities. The business stated that there was scope to broaden this additional, given the potential throughout different industries too.

“While Agriculture, Healthcare & Sustainable Cities are the current focus of CoE’s, India has multidimensional potential – AI can add an estimated $450-500 billion to India’s GDP by 2025, and more than 60% will be from four key sectors – Financial Services, Consumer Packaged Goods & Retail, Healthcare, and Industrials & Automotive. India will need to continue to invest in these centers to keep pace with the evolving asks across all sectors,” stated Rekha M Menon, Chairperson and Senior Managing Director at Accenture in India.

The business has additionally welcomed the give attention to skilling by means of know-how.

The Skill India Digital Platform will broaden the digital ecosystem for skilling by enabling demand primarily based formal skilling, linked with employers and facilitating entry to entrepreneurship schemes.

CP Gurnani, Managing Director & Chief Executive Director, Tech Mahindra Said,“The push towards comprehensive skilling of youth, Industry 4.0, Coding, Internet of Things (IoT), and the establishment of a dedicated AI Center of Excellence, is a visionary move that will lead to job creation and give a competitive edge to India’s talented workforce. Further, the special emphasis on energy transition will enable India to lead by example on the sustainability front towards a net zero emissions economy.”

The know-how firms have additionally welcomed the chance to be part of initiatives aimed toward furthering the Digital India story.

“To fully realize the benefits of this technological revolution, it is important to continue to advance the story of Digital India with a focus on accessibility. To that end, we are committed to support the government’s agenda in transitioning from physical content to digital libraries pan-India to build a robust digital education ecosystem and encourage creation of digital content,” stated Prativa Mohapatra, Vice President and Managing Director, Adobe India.

“The plans announced today will further help establish India as a global technological hub. We are excited to put our best foot forward to contribute with our bit to the overall development on the nation.”

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