Pivotal step towards fostering innovation
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HYDERABAD: Interim Budget 2024 is a pivotal step towards fostering innovation and growth within the dynamic Indian startup ecosystem, said Mahankali Srinivas Rao (MSR), CEO, T-Hub. “The reduction in corporate tax rates is a commendable move, providing a conducive environment for existing and new companies.”
He welcomes the decision to retract outstanding direct tax demands, as it aligns seamlessly with the broader vision of facilitating ease in daily living and conducting business. He also lauded the allocation of a substantial Rs 1 lakh-crore corpus for research and innovation signifies a transformative leap, ushering in a new era for our tech-savvy youth.
He further said: “The introduction of a scheme dedicated to deep-tech technologies in defense resonates with the overarching aspiration of achieving 'Atmanirbharta.' While the proposed amendments offer encouragement, the startup community eagerly awaits more definitive measures.
