Budget reaction quote : Vahak, India’s Largest & Most Trusted Transport Community Platform

Karan Shaha, Co-founder and CEO, Vahak

“A commendable Budget by the Hon’ble Finance Minister. In line with our expectations, #Budget2023 has focused on incentivizing state governments for infrastructure development. The Centre’s support with an enhanced outlay of Rs. 1.3 lakh crore will definitely act as the accelerator toward logistics policy creation at the state level. With this in place, we are hoping to see good traction in transportation infra creation, especially related to top freight routes, logistics parks, and highway development. Additionally, opening opportunities for private investments in infra will pump in efforts toward roads, urban infrastructure, and power sector developments, which are critical for efficient transportation and transition to green mobility. We also welcome the decision to extend the income tax benefits for start-ups and the formation of the National Data Governance Policy. These were much needed given the market dynamics and the fast-emerging start-up ecosystem.”

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