By Amit Chadha, CEO & MD, L&T Technology Services and NASSCOM Executive Council member.
“India’s growth trajectory is at an exciting juncture, and we anticipate that the upcoming budget will play a crucial role in fostering technological advancements. The Government of India’s efforts to drive economic growth and promote innovation has been noteworthy. The Production Linked Incentive (PLI) Scheme has been a significant step in boosting manufacturing capabilities and encouraging investment.
At LTTS, we strongly believe that the government’s sustained emphasis on incentivizing investments in R&D and creating a conducive ecosystem for technology-led advancements can unlock immense potential for engineering services firms. Such initiatives will not only strengthen India’s standing as a preferred destination for global ER&D but also catalyze economic growth by delivering value across sectors like manufacturing, energy, and mobility. We expect the budget to further accelerate India’s growth momentum by introducing policies that promote investments in research and development, digital transformation and advanced skill development.
We are optimistic that the budget will introduce policies supporting innovation, sustainability, and growth, aligning with initiatives like the National Green Hydrogen Mission. This will likely foster a business-friendly environment, boosting investments in research and development, digital transformation, and skill development, ultimately driving India’s growth momentum forward.”
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