On February 1st, the Union Budget 2023 – 24 will be declared by the Finance minister Nirmala Sitharaman and a lot of expectations is been anticipated as this is the last announcement before the next elections. With a lot of expectations, the increasing electronics and semiconductor market in India has huge anticipation.

One such brand is Acer India, the Taiwanese OEM which has a strong presence in India and a foothold to implement the PLI incentives to manufacture products in-house. Now, the brand’s Chief Finance Officer, Alok Dubey has shared his insights and expectation towards this upcoming union budget FY 2023-24:

Alok Dubey, CFO of Acer India expects the upcoming budget will stress the development of talent and skills — Alok Dubey, CFO of Acer India

“Budget 2023-24 would probably be the most challenging one that Finance Minister Nirmala Sitharaman would be tabled on February 1, 2023. I think that this year’s budget should give digital infrastructure and skills a high priority. Although India may have a positive view of “digital” and technology, more needs to be done to support the country’s digital-first strategy as it aspires to become a USD 5 trillion economy.

The government’s commitment to digital skill development and its alignment with the IT Tech sector, and the PLI scheme targeted at helping manufacturers of IT hardware and computer servers need to receive equal weight in this year’s budget. Government policy could be changed to promote the development of talent and skills. The tech industry requires a talented and skilled workforce. The government may provide funding for programmes to modernise educational buildings with state-of-the-art R&D capabilities.”

What are your thoughts regarding the same? Let us know in the comments down below…😉

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