Corpus for tech innovation a positive

New Delhi: The announcement of Rs 1 lakh crore corpus for research and innovation in the technology sector in the interim Budget is a "positive measure" that will spur growth, COAI said on Thursday.

The body also expressed hope that the industry's wishlist including plea for lower levies will be duly considered in full budget post-elections. The interim Budget has reemphasised the government's economic policies and the commitment to sustained growth, improving productivity and creating opportunities with a focus on skilling and reskilling, said the industry body whose members include Reliance Jio, Bharti Airtel, Vodafone Idea and others. "The announcement of a corpus of Rs 1 lakh crore for the technology sector is a positive measure as access to capital is a critical factor to support innovation and growth," S P Kochhar, Director General of Cellular Operators Association of India (COAI), said.