The Need for a Tech-Driven Budget
As India gears up for Budget 2025, Tarun Wig, Co-founder and CEO of Innefu Labs, has emphasized the need for increased government investment in indigenous technology. He stresses that prioritizing sectors such as artificial intelligence (AI), cybersecurity, and data analytics is essential to strengthening India’s technological infrastructure.
Wig believes that a self-reliant technology ecosystem is crucial for national security and economic growth. With cyber threats becoming increasingly sophisticated, he argues that India must reduce dependence on foreign technology and focus on developing homegrown solutions. Investing in these areas will not only fortify national security but also create high-value jobs and drive innovation across industries.
Encouraging Public-Private Collaborations for Innovation
Wig advocates for policies that promote collaboration between the public and private sectors, which he believes will accelerate technological advancements. He suggests that the government introduce tax incentives for research and development (R&D) in emerging technologies to encourage more companies to invest in AI, cybersecurity, and data-driven solutions.
Such initiatives, he explains, will help Indian startups and enterprises compete on a global scale. By fostering an environment conducive to innovation, India can build a sustainable tech ecosystem that contributes significantly to the nation’s digital transformation.
Positioning India as a Global Technology Leader
According to Wig, a forward-looking budget that prioritizes indigenous technology will not only benefit tech-driven companies like Innefu Labs but also enhance India’s standing as a global innovation hub. He argues that targeted investments in AI and cybersecurity will give India a competitive edge, making it a leader in technological advancements.
With Budget 2025 on the horizon, industry experts like Tarun Wig remain hopeful that the government will take decisive steps to support indigenous technology development. By focusing on innovation, security, and digital transformation, India can pave the way for long-term economic and technological growth.
