Smart Card IT Solutions Ltd. - Views on Union Budget 2017
Mr. Deven Mehta, Managing Director, Smart Card IT Solutions Ltd
Hon’ble Finance Minister on Aadhar based smart cards with health information for senior citizens, Views by Mr. Deven Mehta, Managing Director, Smart Card IT Solutions Ltd., India’s largest manufacturers of smart cards:
“Overall it is a growth oriented budget with the government undertaking multiple measures to provide the necessary impetus to the economy. Abolition of FIPB is one such encouraging measure which will enhance the ease of doing business in the country.
Government’s decision to launch Aadhaar based smart cards with health information for senior citizens is one big constructive step which will help millions of senior citizens. India is one of the few countries which lacks a secured national identity card. I feel going forward we will see all Aadhar cards being converted into chip based smart cards thereby enhancing the safety and security of one’s identity and information.”
Post Budget Reaction by Sanjeev Bhatia, CEO Zopo India
Quote from Mr. Sanjeev Bhatia, CEO Zopo India.
"The budget 2017 is extremely positive and people friendly. Reduction in direct taxes for SMEs & low income individuals is definitely going to benefit the masses and will really impact the Indian economy in a huge way. The GST is proposed to implement on July 1st, so indirect taxes such as, excise, customs, service tax have not been touched. Manufacturing allocation is good initiative to start off. With such initiatives India can grow on the charts of GDP.
In the direction of making India a Digital nation a needful decision was made, with the focus rightly on digital India the budget also gave boost to telecom and manufacturing sector through Digital India. Modernization is good for any nation, for a successful and powerful nation fast growth can only be reached with the help of technology. Those portions of India that are deprived from the fruits of technology will now be able to enjoy it.
Government's mission to connect 1,50,000 gram panchayats with hotspots and digitization will increase the use of technology and will create a friendly environment for digital payment system. No doubt Smartphone will play a crucial role in strengthening Indian economy. In today’s world technology and smartphones go hand in hand this step will lead to more demand of smartphones and will create the a wide spectrum for smartphones companies to compete for and to deliver.” said Mr. Sanjeev Bhatia, CEO of Zopo India and Managing Director of Adcom.
About Zopo:
Zopo Mobile also know as Shenzhen ZOPO Communication Equipment Co., Ltd., headquartered in Shenzhen (P.R.C.) and established in 2008, is a hi-tech enterprise engaged in the design, manufacture and marketing of mobile intelligent terminal products. With clients spread across 135 countries, ZOPO is an internationalized enterprise in the communications industry, with a design team in Europe, and sales location teams in Europe, Southeast Asia, Middle East and South America. ZOPO Europe Operations Center has been established on April 1st 2015 to support the marketing and after-sales service in the European market. Currently ZOPO is engaged in three main product lines: Speed, Flash and Color series. Also, it is the first brand to have a 365 days replacement warranty.
Post-Budget Comment from Antony Jacob, Chief Executive Officer, Apollo Munich Health Insurance
