Pre-Budget expectations from IndiaMART, and IndiaMART

India Infoline

IndiaMART – Dinesh Agarwal, Founder and CEO
“With the Union Budget round the corner, startups in India are holding the highest stakes following the Prime Minister’s initiatives around ease of doing business and building a start-up friendly ecosystem. Faster setting up of enterprises, correction to duty structures and streamlining of procurement processes are some of the areas where the industry expects key announcements. The Industry is expecting a quick implementation of GST, streamlining processes for speedier implementation of large infrastructure projects. Development of infrastructure is a prerequisite for growth. Similar to road and rail, creation of Digital Highways is elementary providing high bandwidth network of Internet across India. We’d like to see avenues of PPP in the coming union budget which will give shape to Digital India.

Various skill development initiatives getting into mainstream operational mode is also on the wish-list. In this direction, Investments in terms of technology and infrastructure should be given more weightage when formulating schemes. The MSME industry is set to tap the potential of ‘Make in India’ initiative. This industry has potential to employee over 60 million people and will be a growth driver for the economy. Providing a special package for the MSME sector will help sustainable growth. ” – Major Prashant Rai, Founder and CEO
With Budget 2016 set to be announced on February 29, Startups have their own set of expectations from this year’s Budget. While most of the new age companies are setting up with a strong funding foot, Major Prashant Rai, Founder and CEO,, is expecting more relaxation, possible tax exemptions and incentives with an easy entry into services and exit plans thereafter , along with more clarity on the norms. Prashant Says that as the honorable Prime Minister Mr. Narendra Modi unveiled the start- up action plan by announcing excellent measures, now it depends on how the policy takes its shape in the budget 2016! He further opines that it is imperative for Indian ‘on demand service market place start-ups’ to raise funds in a more structured, regulated yet in a stimulating environment and been featured in Indian Exchange.

MP Group – Sudhir Gharpure, Vice President
With the union budget scheduled to be announced on February 29, entrepreneurs from the B2B industry have set all new expectations from the government. Sudhir Gharpure, Vice President, M.P. Group, an Integrated support Services company says “For PPP Projects, in Urban City Bus contracts should be pre-approved by banks for which ease of funding is there and implementation starts on time. As per the company’s act the life cycle of bus is Six years whereas it should be considered as Thirteen Years as the new type of buses and its body are sustainable to work over Twelve years.

These projects should not be considered under Commercial Vehicle loan but should be under infrastructure project as urban/public transport is been considered under the smart city development which has a major share. The subsidy given to the bus purchasers should be increased to a viable level. The state / central government should encourage and support such organizations dealing in PPP projects which will enhance the transport industry to grow further. Such transport service providers should also be exempted from service tax and excise duty so that they can do business with ease.”