In regard to India’s Union Budget 2023, please find KDEM’s quote below on behalf of our spokesperson Mr. Sanjeev Kumar Gupta, CEO, Karnataka Digital Economy Mission (KDEM). His profile is attached to this email.
“We welcome the Union Budget 2023-24, which significantly impacts Govt of Karnataka’s Beyond Bengaluru mission, especially for the start-ups working in AI & Agritech sectors. We are confident and ready to drive the economic impact in the state and the nation across these initiatives. The proposal to extend the date of incorporation for income tax benefits to start-ups and the benefit of carrying forward losses on change of shareholding of start-ups from seven years of incorporation to ten years is a welcome move. Focusing on infrastructure development will bring more significant investments to smaller cities and encourage the growth of programs like Beyond Bengaluru from KDEM.”
Sanjeev Kumar Gupta
CEO of the Karnataka Digital Economy Mission (KDEM)
MD & CEO at Lahari (A GOI Initiative)
