What Indian Tech Sector Wants From Budget 2021
24/01/2021
Sangeet Kumar, CEO & Co-Founder, Addverb said he expects the government to ease the legal processes and regulations involved in setting up manufacturing facilities in India under its ‘Make in India’ initiative.
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India is looking forward to one of its crucial budgets since independence as the country’s still grappling with the economic slowdown precipitated by the COVID-19 pandemic. Despite unexceptional circumstances and slackening in the economy, the adoption of AI across industries has been quite exceptional due to the increased push towards digital transformation. Nearly 70% of decision-makers across major industries said AI was critical to their businesses operations during 2020, in terms of efficiency, costs, and productivity.
Growth impetus
3one4 Capital Founding Partner
Siddarth Pai, it is imperative the Budget addresses the core issues of the startup ecosystem and provides a conducive environment for growth.
The primary challenges for the ecosystem are taxation, ease of doing business and fund inflow, both from domestic and overseas sources.
“India has more than 63 million MSMEs (micro, small and medium enterprises), which accounted for over 50 percent of exports in FY20 and there are over 40,000 DPIIT (Department for Promotion of Industry and Internal Trade)-registered startups,” says
Ankur Bansal, Co-founder and Director of debt fund BlackSoil Capital. “It is important for favourable regulatory changes to increase ease of doing business and attract investments into these companies.”
Covid-19: How The Digital Wave Gripped India Inc, Startups forbesindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbesindia.com Daily Mail and Mail on Sunday newspapers.
LogiNext brings COVID-19 vaccine supply chain management platform
LogiNext brings COVID-19 vaccine supply chain management platform
16 December 2020 | News Vaccine trials are on and a reliable supply chain mechanism for the vaccine distribution is the need of the hour
Image Credit: shutterstock.com
LogiNext has announced the launch of a COVID -19 vaccine supply chain management and tracking platform. With several parts of the globe in the grips of a second or third wave of the COVID-19 pandemic, vaccine trials are on and a reliable supply chain mechanism for the vaccine distribution is the need of the hour.
Building the digital backbone for a global logistics movement, Mumbai based LogiNext has been at the forefront of the automation technology revolution. During the nascent phases of the pandemic, LogiNext proactively started working on a solution which is now available for government and healthcare organisations.
COVID-19 update | LogiNext launches vaccine supply chain management, tracking platform LogiNext Mile
LogiNext says the platform is available to be tested and deployed for vaccine distribution anywhere in the globe.
Source: Reuters
Global technology and automation company LogiNext has announced the launch of COVID-19 vaccine supply chain management and tracking platform LogiNext Mile. We have been working hard for a while now on this vaccine-tracking solution including some key features for the cold chain. We’re very proud to launch the first solution to manage a complex supply chain around Covid-19 vaccine from manufacturing facilities all the way till the last mile, Hindu BusinessLine quoted LogiNext CEO Dhruvil Sanghvi as saying.