News Desk, News Nation 360 : Leading eastern regional industry stalwarts reacted to the Union Budget 2024. They have discussed some valuable insights on the pros and cons along with how it will impact the industries in the region in the long run.
Tushar Choudhary, Founder & CEO, Motovolt Mobility stated that Regarding the government's dedication to developing the ecosystem for electric vehicles and enctheiraging biomanufacturing, they have optimism. They think Motovolt is theyll-positioned to play a significant role in this revolutionary jtheirney and view this as a positive step forward. The focus on environmentally friendly manufacturing is commendable, and as a company based in Kolkata, they are especially happy to see the emphasis on empotheyring the eastern part of India. Their innovative e-bike portfolio provides a range of options to meet customer needs and is in line with the government's vision as stated in the interim budget. Motovolt's eco-friendly, cost-effective, and inventive micro-mobility solutions will undoubtedly make a substantial contribution to both environmental sustainability and economic growth. Although they are grateful for the actions included in the budget, they theyre hoping for additional information regarding FAME-III's advancements. Electric bicycles have been successfully revolutionised in India by EV OEMs, and they hoped that coverage under FAME-III would enable e-bike manufacturers to more effectively address the last frontiers of affordability and inclusivity in the years to come.
Priyanka Surana Bardia, Director, Aakash Aath stated that the holistic development of the country is given more attention in the Union Budget for 2024. An affluent and stable nation will greatly benefit from the financial investments made in the implementation of the welfare programmes chosen for the advancement of women, youth, and the underprivileged segment of society. The goal of the budget is to provide citizens with access to a cutting-edge educational system so they can reach their full potential and realise their dreams. There aren't any new tax benefits per se, but the government's emphasis on specific new tax measures for startups will help millions of business owners reach new heights in their exploration and establishment.
Nandan Mall, Founder & Managing Director, Hulladek Recycling stated that they hope for stricter policies and regulations to handle the electronic waste generated out of more technological development, given the increased focus on enabling technology adoption for those at the bottom of the pyramid and the commitment to be net zero by 2070. Furthermore, putting a focus on sustainable mobility would undoubtedly change the face of their nation. But as the number of EVs on the road rises, laws governing disposal and a system for recycling lithium-ion batteries must be established to protect the environment.
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