Author: Rabindra

Celebrating a Legacy of Excellence: Mr. Anand’s Mani Maligai’s 50th Anniversary

24th July 2024  Pollachi, Tamil Nadu, India  For five decades, Mani Maligai has been more than just a supermarket in Pollachi. It’s a familiar landmark, a trusted source of fresh produce, and a symbol of the town’s evolving spirit. This year, as the beloved supermarket chain celebrates its 50th anniversary, we honor Mr. Anand Zoey, a visionary leader who has steered Mani Maligai from a village shop to a modern supermarket, while preserving its core values.

From Humble Beginnings to a Community Anchor

Mani Maligai’s story began in 1974 as a modest grocery store, built on a foundation of trust and quality established by Mr. Anand’s predecessors. Taking the reins, Mr. Anand understood the importance of this legacy. “Our customers are the lifeblood of Mani Maligai,” he says. “Their continued support has driven us to constantly improve and innovate while staying true to the values that have earned their trust.”

This commitment manifests in multiple ways. While embracing new trends and technologies, Mani Maligai continues to source a significant portion of its produce directly from local farmers. This ensures the freshest seasonal offerings reach Pollachi tables, supporting local agriculture and fostering a sense of shared prosperity.

Innovation Blossoms into Modern Convenience

Recognizing progress necessitates change, Mr. Anand spearheaded the creation of Mani Maligai Elite, a sprawling supermarket catering to the community’s evolving needs. Here, customers can discover a wider variety of premium groceries alongside familiar favorites.

Technology plays a crucial role in enhancing convenience. A user-friendly mobile app allows customers to browse products at their leisure, place orders online, and enjoy home delivery. For those who prefer a personal touch, Mani Maligai offers WhatsApp ordering, catering to both the tech-savvy and those comfortable with mobile communication.

Beyond Aisles and Shelves: Cultivating Community Spirit

Mr. Anand’s vision extends far beyond aisles and shelves. He understands that a supermarket can be a cornerstone of community spirit. The spacious shopping area at Mani Maligai Elite isn’t just about efficiency; it’s designed for comfort and ease of navigation. Well-organized sections, quick billing counters, and friendly staff dedicated to personalized service create a welcoming atmosphere. For families with young children, a dedicated play area provides a distraction, allowing parents to shop with greater ease. These seemingly small details contribute to a more relaxed and enjoyable shopping experience, fostering a sense of community and encouraging customers to connect.

A Look Back, A Toast to the Future

As Mani Maligai celebrates its 50th anniversary, it’s a time to acknowledge the dedication and hard work of generations who have contributed to its success. From the founders who laid the groundwork to Mr. Anand Zoey’s visionary leadership and the tireless efforts of the staff, Mani Maligai’s story is a testament to the power of community spirit and a commitment to excellence.

The 50th anniversary isn’t just a celebration of the past; it’s a springboard for the future. With Mr. Anand at the helm, Mani Maligai continues to embrace innovation while staying true to its core values. Looking ahead, plans for expansion and the possibility of a larger supermarket signify a continued commitment to serving the evolving needs of Pollachi. The focus on local produce, sustainable practices, and community engagement ensures that Mani Maligai remains not just a supermarket, but a vital part of the Pollachi way of life.

Truecaller & Gurugram Police Collaborate to Enhance Safety in Digital Communication

24th July 2024  Gurugram, Haryana, India  Gurugram Police has joined forces with Truecaller, the global Caller ID and Spam Blocking app, to build safety in digital communication, combating cybercrime, and raising cyber safety awareness among citizens. The memorandum of understanding (MoU) was signed in the presence of Shri Siddhant Jain, Deputy Commissioner of Police (Cyber Staff), South Gurugram. Through proactive measures against evolving fraud and scams in the digital space, this partnership seeks to collectively work towards establishing a safe cyberspace for citizens.

This collaboration includes CyberWise training sessions led by Truecaller in partnership with Gurugram Police to educate citizens on preventing cyber fraud and reporting online harms. Furthermore, Truecaller has expanded its Government Directory Services in Gurugram, by incorporating verified police contact numbers to combat impersonation fraud.

This integration will empower users to easily identify verified numbers, thereby reducing the risk of falling victim to impersonation scams. In a bid to promote online safety awareness, Truecaller and Gurugram Police will further extend the initiative across the state and support the Utkrisht Society for Safety, a non-profit initiative by Haryana Police. Truecaller is committed to aiding in fostering safety in communication and combating spam and fraud, thereby contributing to a safer digital ecosystem.

Sharing his thoughts on the partnership, the commissioner of Police, Gurugram, Shri Siddhant Jain, Deputy Commissioner of Police (Cyber Staff), South Gurugram said, “Gurugram Police is actively dedicated to increasing cyber safety awareness and empowering citizens to stay safe online. The ongoing challenges of cyber fraud are concerning, as Gurugram Police receives around 100-120 complaints daily, with an average monthly loss of ₹40 crore due to cyber fraud. To combat this, our collaborative efforts with Truecaller aim to reduce the impersonation of Gurugram Police officials by verifying official numbers through Truecaller’s Government Directory Services. Through the cyber safety training sessions, our mission is to provide citizens with the essential knowledge and skills needed to make informed choices for their protection while harnessing opportunities in the digital world. We look forward to working collaboratively with Truecaller to ensure the safety of citizens in Gurugram and across the state.”

Sharing his thoughts on the partnership, Mr Rishit Jhunjhunwala, Chief Product Officer and Managing Director at Truecaller India, said, “Truecaller is committed to working with law enforcement agencies and the government to curb online frauds and ensure cyber safety of citizens. This MoU marks a significant stride in our efforts to work alongside law enforcement in addressing the escalating number of fraud cases, including preventing the impersonation of police officials through verification on the Government Directory Services. We have previously also partnered with other law enforcement agencies such as Delhi Police and Assam Police as part of our initiatives to combat online fraud. Moreover, we are actively engaged in enhancing citizens’ cyber fraud prevention capabilities through cyber safety training programs.”

MATTER Honored with Clarivate South Asia Innovation Award 2024 in Automotive Category

24th July 2024  Ahmedabad, Gujarat, India  MATTER, a pioneering force in India’s Electric mobility and energy landscape, proudly announces winning the Clarivate South Asia Innovation Awards 2024 in the Automotive category, solidifying its position as an Emerging Player. This esteemed accolade, conferred by Clarivate, a global leader in providing trusted insights and analytics, celebrates MATTER’s relentless commitment to innovation and technological excellence in the realm of clean energy & mobility solutions.

At MATTER, innovation is not just a goal; it’s a way of life. With a steadfast focus on revolutionizing India’s energy landscape, MATTER stands at the forefront of developing cutting-edge future mobility products and advanced energy storage solutions. Operating through two key segments – MATTER Mobility and MATTER Energy – the company is committed to reducing carbon footprints, enhancing energy efficiency, and empowering individuals to contribute meaningfully to a greener, more sustainable world.

In the fiscal year 2023-2024, MATTER’s intellectual property achievements have been remarkable, with 15 granted patents and 62 published patents. Till date MATTER has a portfolio of 250+ patent applications including 25 grants and 76 publications. These patents are strategically aligned with addressing key industry challenges and providing innovative solutions in critical areas such as thermal management of motor and battery packs, on-board chargers, cell-array technology, end-of-life testing, power pack assembly, gearbox assembly, various motor assemblies, and vehicle frame design.

Kumar Prasad Telikepalli, Co-founder and Group CTO of MATTER, expressed profound gratitude for the recognition, stating, “Matter works with a relentless passion for solving the people and planet’s problems in the energy and mobility domain through technology and a steadfast drive for innovation. Our team’s unwavering commitment to pushing the boundaries of what’s possible has led to transformative breakthroughs that redefine India’s journey towards energy independence. This recognition fuels our determination to continue pioneering sustainable energy solutions that make a positive impact on both the planet and its people.”

With a dedicated team of over 500 highly skilled and experienced individuals, MATTER continues to drive innovation forward, shaping a cleaner, brighter future for generations to come.

Techchef Consulting India Pvt Ltd Announces Major Expansion in IT Solutions

24th July 2024  New Delhi, Delhi, India  Techchef Consulting India Pvt Ltd, a leader in IT solutions, is excited to announce its expanded services covering Cyber Security, Cloud, Backup Solutions, and E-waste Management. Since starting in 2016 by Mr. Rakesh Kumar, Mr. Chandan Chaudhary, and Mr. Anish Kumar, Techchef has been dedicated to changing the IT landscape by providing trusted and innovative solutions to business leaders across India.

The journey of Techchef began in Year 2016 with a focus on Data Recovery under the guidance of Mr. Rakesh Kumar, the founder & CEO. In 2021, the company ventured into E-waste Management with Techchef Ewaste Solutions, swiftly gaining recognition as one of the top 5 companies in Delhi NCR, approved by the DPCB.

During Techchef’s 8th work anniversary, Mr. Anish Kumar, Chief Information Officer, said, “Our goal is to lead an IT revolution by offering the most trusted IT and Tech Solutions to business leaders.” He added, “Starting from a humble beginning under a single roof, Techchef now operates across 8000+ pin codes with branches in Mumbai, Chennai, Bengaluru, Kolkata, Delhi and further collaborations with industry giants like TataTeleBusiness, PaloAlto, and Druva.”

Techchef Consulting India Pvt Ltd has reached many milestones, with over 1 million happy customers and services extended across 8,000+ pin codes. They’ve recovered over 9,000 servers and secured over 1 million petabytes of data, showing their commitment to fast and reliable solutions.

Mr. Chandan Chaudhary, Co-founder of Techchef, emphasized the company’s dedication to excellence, saying, “Techchef is committed to being a better place for our clients, corporates, and employees. We aim to provide top-notch services in Data Recovery, Backup Solution, Cloud Solutions, Cyber Security, E-waste Management, and Sustainability Solutions.”

Techchef which now rebrands as Techchef Group of Companies holds ISO 27001:2013 & 9001:2015 certifications, ensuring high standards of service delivery and data security.

“We extend our heartfelt gratitude to our premium clients for their unwavering support, which has fueled our journey towards success,” remarked the founders.

Union Budget 2024-25 Reactions: CRISIL Limited

Quote on Economy from Dipti Deshpande, Principal Economist, CRISIL Limited

“The budget responsibly deploys the higher revenues (tax and non-tax revenues) on reducing the fiscal deficit, sustaining spending on investments and making way for higher spending to support segments of the economy that require support. Overall, the quality of spending remains intact despite the slight tilt towards revenue spending.

A lower fiscal deficit and non-inflationary nature of spending are inflation-positive, while lower market borrowings will help temper yields. We expect the 10-year government bond yields to average 6.8% by March 2025, from 7% in March 2024. On the back of a normal monsoon and cooling food inflation, we expect headline consumer price inflation to soften to 4.5% average this fiscal from 5.4% in the last. We maintain our GDP growth forecast at 6.8% for fiscal 2025 – a moderation from 8.2% in fiscal 2024 led by tighter lending conditions.”

Quote on Shrimp from Rahul Guha, Director, CRISIL Ratings

The shrimp processing sector will benefit from two specific announcements. First, the government support for marketing and financing shrimp farming through Nabard will improve the supply chain, reduce time to exports and, hence, lower the cost of production for processors and farmers. Second, reduction in import duties on certain brood stock to 5% will reduce costs for the farmers and, in turn, processors. This will make the cost structure leaner and enhance productivity over the medium term, giving shrimp exporters a boost.”

Quote on Energy from Rahul Prithiani, Senior Director & Global Head, Energy and Sustailability, Consulting, CRISIL Market Intelligence and Analytics

“The full budget for this fiscal moves the needle on the development of energy transition pathways and the shift to emission-based targets for the hard-to-abate sectors. This will drive investments in sustainable technologies and lay the framework for the development of the carbon market. Additionally, reduction in basic customs duty on battery minerals, focus on mining critical minerals, impending pumped storage policy for round-the-clock power, and taxonomy for climate finance indicate a clear push towards de-carbonisation..”

Quote on real estate from Gautam Shahi, Director, CRISIL Ratings

For the real estate sector, the impact of changes in taxation is expected to be mixed. On the one hand, the reduction in the long-term capital gains tax rate from 20% to 12.5% should boost investments over the near to medium term. On the other, the removal of indexation benefit will increase the tax incidence on property sale, especially for older properties.
Further, the Centre’s move to persuade state governments to reduce stamp duties, especially for women home-owners, can have a positive impact.

On affordable housing, the move to provide additional one crore housing units to urban poor and middle-class families under the Pradhan Mantri Awas Yojana (PMAY) scheme, with an incremental budgetary allocation of Rs 2.2 lakh crore over the next 5 years, will sustain the growth momentum in this segment.

Quote on Space Market from Pushan Sharma, Director- Research at CRISIL Market Intelligence and Analytics

The Union Budget has introduced a Rs 1,000 crore venture capital fund aimed at expanding the space market five-fold over the next decade. The country’s Rs 6,700 crore space market has seen startup engagement skyrocketing from just one in 2012 to 189 in 2023 as entrepreneurs started looking beyond traditional sectors to include satellite manufacturing and development of reusable launch vehicles. The number of use cases for the space sector has also increased with higher private participation, extending to newer ways of credit risk assessment for the agriculture sector and project monitoring, to name a few.

Quote on Capital Markets from Subha Sri Narayanan, Director, CRISIL Ratings

“The measures pertaining to tax rates on capital market transactions – Securities Transaction Tax on derivatives, Long Term Capital Gains tax, and Short-Term Capital Gains tax – are aimed at bringing in greater stability in the equity markets by incentivising long-term investment activity and curbing the derivatives segment, where traded volume has risen over 99%. There could be an impact on market volume in the near-term that, in turn, could affect the revenue of brokerage houses which have enjoyed rising profitability because of the market upcycle. At the same time, they have also had to realign their business models to manage the evolving regulatory environment, with the most recent change being the revision in the charges levied on stockbrokers by market infrastructure institutions.”

Quote on interest free loans to states from Anuj Sethi, Senior Director, CRISIL Ratings

“The increase in the allocation of interest-free loans to state governments by 15% to Rs 1.5 lakh crore for spending on capital expenditure reflects the central government’s continued focus on infrastructure development. That said, the availability of the majority of these funds will be subject to the state governments undertaking various reforms, including land and labour reforms. In the past, states had utilised only 80-85% of the budgeted levels due to their inability to meet the conditionalities. Hence, undertaking the reforms in a timely manner, which can allow states to utilise the earmarked amount, remains critical.”

The agriculture budget this year focuses on a structural measure through 4 C’s- climate, credit, cutting-edge-technology and critical infrastructure. One can see a clear focus on long-term measures to enhance productivity of crops and combat climate change through High-Yeilding and climate resilient variety of seeds. Development of infrastructure cluster for vegetables near consumption centers to bring price stability, given that post-harvest losses in vegetables can be upwards of 10%. On the technology front digital crop survey, mapping of farmers to their land parcels, and issuance of Jan Samarth based Kisan Credit Cards indicate commitment of government towards promoting better credit risk assessment, and enhanced formal credit penetration for farmers, which currently stands at around 60%. Additionally, allocations under PM KISAN and MNREGA have remained at par with last year levels.

Sectoral Quotes from Budget 2024

Chemical and Agriculture- On Behalf of Madhur Singhal, Managing Partner, Chemical and Agriculture, Praxis Global Alliance

-The focus on developing high-yielding and climate-resilient crop varieties is a monumental step for our agricultural sector. The introduction of 109 new varieties of field and horticultural crops will revolutionize productivity and sustainability for our farmers, making us more resilient in the face of climate challenges. The government’s commitment to enhancing natural farming practices by supporting 1 crore farmers is a forward-thinking approach that aligns with our industry’s goals for sustainable agriculture.”

-“The establishment of 10,000 bio-input resource centers will empower our farmers with the tools and resources needed to transition to more organic and sustainable farming methods. These initiatives underscore the government’s dedication to ensuring food security and self-reliance in oilseed production, a crucial aspect for India’s agricultural landscape.”

1. “The 2024-25 budget’s robust allocation of ₹20 lakh crore for agricultural credit reaffirms the government’s dedication to strengthening the agricultural sector. This investment is set to provide farmers with the financial support needed to enhance productivity and ensure food security.”

2. “The budget’s focus on promoting natural farming techniques and sustainable practices represents a forward-looking approach to agriculture. By integrating traditional wisdom with modern innovation, the government is paving the way for a greener and more resilient agricultural sector.”

3. “With increased funding for agricultural infrastructure and rural development, the budget addresses critical needs in the agricultural sector. This support will not only boost productivity but also improve the overall quality of life for farmers and rural communities.”

4. “The emphasis on expanding irrigation facilities and improving crop insurance schemes underscores the government’s commitment to mitigating risks and enhancing agricultural resilience in the face of climate change and market fluctuations.”

5. “The budget’s provisions for agricultural technology and research signify a significant push towards modernizing farming practices. This investment in innovation is expected to drive efficiency and sustainability, positioning India’s agriculture for long-term growth.”

Financial Services for Madhur Singhal, Managing Partner, Financial Services, Praxis Global Alliance

> “The development of a comprehensive financial sector vision and strategy document is a significant step towards preparing the sector for future growth. This initiative will undoubtedly foster a more robust and resilient financial ecosystem capable of meeting the economy’s demands.”

> The introduction of the NPS-Vatsalya plan provides a unique opportunity for parents and guardians to invest in their children’s future, ensuring financial security and encouraging long-term savings habits.”

Private Capital For Madhur Singhal, Managing Partner, Private Capital, Praxis Global Alliance

The simplification of Foreign Direct Investment (FDI) rules is a welcome move that will undoubtedly attract more overseas investors, providing a much-needed boost to our private capital markets. This will open new avenues for growth and innovation, positioning India as a more attractive destination for global investors.”

> “The proposed Variable Capital Company structure offers an efficient and flexible mode for financing, which is a game-changer for industries like aviation and maritime. This will enhance our competitiveness and ensure we remain at the forefront of global private equity opportunities.”

“We are particularly encouraged by the 2024-25 budget’s announcement of a ₹100 crore credit guarantee scheme for manufacturing MSMEs. This initiative will significantly enhance access to finance for small and medium-sized enterprises in the manufacturing sector, enabling them to scale operations and innovate. At Praxis Global Alliance, we believe this support is crucial for driving growth and competitiveness within the sector, and we look forward to leveraging these opportunities to further strengthen our contribution to the industry.”

Healthcare and Lifesciences for Aryaman Tandon, Managing Partner, Healthcare, Praxis Global Alliance

> “The full exemption of three more cancer medicines from custom duties is a commendable move that will significantly reduce the cost burden on patients and enhance access to essential treatments. This demonstrates the government’s commitment to making healthcare more affordable and accessible.”**

> “The budget’s focus on affordable medicines and support for the domestic pharmaceutical industry will foster innovation and competitiveness, driving growth in the healthcare sector while ensuring the well-being of our citizens.”

“The 2024-25 budget’s focus on the healthcare sector, with an allocation of ₹85,000 crore and increased support for pharmaceutical research, is a significant boost for the industry. As a leading company in the healthcare space, we are particularly encouraged by the government’s commitment to enhancing public health infrastructure and supporting innovation in pharmaceuticals. This budget paves the way for collaborative efforts to advance healthcare delivery, expand access to essential medicines, and drive breakthroughs in treatment.”

Tourism for Madhur Singhal, Managing Partner, Consumer and Internet , Praxis Global Alliance

The 2024-25 budget’s strategic investments in tourism infrastructure and promotion reflect a strong commitment to revitalizing India’s tourism sector. By enhancing facilities and supporting sustainable tourism initiatives, the government is poised to attract global visitors and boost economic growth, creating vibrant opportunities for local communities and showcasing India’s diverse cultural heritage.

We are excited about the budget’s initiative to promote Nalanda in Bihar and Odisha as premier tourism destinations. This strategic focus will not only highlight the rich historical and cultural heritage of these regions but also drive sustainable economic growth through tourism. By investing in the development and promotion of these iconic sites, we are paving the way for enhanced global recognition and increased visitor engagement, benefiting local communities and preserving our national heritage.

“We welcome the 2024-25 budget’s ambitious allocation of ₹70,000 crore for infrastructure development, which is a significant boost for our sector. The increased focus on expanding road and rail networks, along with the introduction of tax incentives for infrastructure projects, aligns perfectly with our company’s strategic goals. This investment not only promises to enhance connectivity and operational efficiency but also provides a solid foundation for long-term growth and innovation in the industry. We are excited about the opportunities this budget presents and are committed to leveraging these developments to drive sustainable progress and deliver exceptional value to our stakeholders.”

Technology for Aryaman Tandon, Managing Partner, Technology at Praxis Global Alliance

> “The government’s emphasis on digital public infrastructure is a visionary step towards integrating technology into the backbone of our economy. By implementing digital crop surveys and creating farmer and land registries, we are setting the stage for a digital revolution in agriculture that will improve efficiency and transparency.”

> “The advancement in digitalization across various sectors, from healthcare to education, will bridge the gap between urban and rural areas, providing equal opportunities and access to resources for all citizens.”

Artificial Intelligence (AI)

1. “The 2024-25 budget’s substantial investment in artificial intelligence marks a pivotal moment for India’s technological landscape. By focusing on AI research and development, the government is setting the stage for India to emerge as a global leader in next-generation technologies.”

2. “With dedicated quotes AI innovation and digital infrastructure, the budget is a testament to the government’s commitment to integrating AI into various sectors, driving efficiency, and enhancing economic growth.”

3. *The emphasis on AI and machine learning in this budget underscores a forward-thinking approach, equipping India to leverage AI for transformative impacts across industries and societal sectors.”

Mobility for Aryaman Tandon, Managing Partner, Mobility, Energy, and Transportation, Praxis Global Alliance

> “The reduction of customs duty on key components like mobile phones and solar panels is a strategic move that will boost domestic manufacturing and drive the adoption of renewable energy. This aligns perfectly with our industry’s goals of sustainability and technological advancement.”

> “The government’s focus on energy transition and strategic sector support will propel India towards a greener future, ensuring our energy security while fostering innovation in mobility and transportation.”

-The 2024-25 budget’s focus on advancing solar and thermal power reflects a significant leap forward for the energy sector. These measures not only bolster our commitment to sustainable energy but also pave the way for innovative advancements and increased efficiency. We are excited about the opportunities this budget creates for driving clean energy initiatives and contributing to India’s energy future

Consumer for Madhur Singhal, Managing Partner, Consumer and Internet, Praxis Global Alliance

> “Promoting Farmer-Producer Organizations, cooperatives, and start-ups for vegetable supply chains is a crucial step towards modernizing our agricultural sector. This initiative will streamline the collection, storage, and marketing processes, benefiting both producers and consumers.”

> *The emphasis on digital infrastructure will enhance the consumer experience across various sectors, from e-commerce to financial services, making transactions more efficient and accessible to a broader audience.”

Next Gen Industrials (Automotive, Infrastructure, Engineering and Construction, Textiles, Discrete Manufacturing, Packaging, Manufacturing Services, Advanced Manufacturing)

> “The focus on next-generation reforms and digitalization in the manufacturing sector will propel India to the forefront of global innovation. By prioritizing advanced manufacturing techniques, we are ensuring that our industries remain competitive and future-ready.”

> “The proposed land-related reforms and the integration of GIS mapping and IT-based systems for property management will revolutionize the infrastructure and construction sectors, leading to more efficient urban planning and development.”
The emphasis on infrastructure development and technological advancement in manufacturing showcases India’s commitment to becoming a global leader in next-generation industries. “With increased investments in infrastructure, automotive, and advanced manufacturing, the budget signals a new era of industrial growth and innovation in India. “The government’s focus on enhancing industrial capabilities through technology and innovation is set to drive economic growth, creating new opportunities across sectors.

Metals and Mining for Madhur Singhal, Managing Partner, NextGen Industrials, Praxis Global Alliance

“The 2024-25 budget’s substantial allocation of ₹70,000 crore for infrastructure development is a game-changer for the mining and construction sectors. This investment will drive growth and innovation, enabling us to undertake significant projects and enhance connectivity across the country. The focus on modernizing railways and expanding road networks will not only streamline operations but also open new avenues for the mining sector, supporting our efforts to meet global demands more efficiently. With these strategic investments, we are optimistic about the future, as they provide a strong foundation for sustainable development and economic progress in our industries

Education for Madhur Singhal, Managing Partner, Consumer and Internet at Praxis Global Alliance

“We are pleased to see the Union Budget 2024-25 prioritize significant investments in education, including the allocation of ₹2.5 lakh crore for the sector. This substantial funding is expected to drive transformative improvements in educational infrastructure, teacher training, and student resources. Our company, [Your Company Name], views these measures as pivotal for enhancing educational outcomes and equipping students with the skills needed for the future. We look forward to collaborating with educational institutions to leverage these opportunities and contribute to India’s growing talent pool.”

For Madhur Singhal, Managing Partner, Consumer and Internet at Praxis Global Alliance

Real Estate

“The 2024-25 budget’s focus on enhancing affordable housing with an allocation of ₹70,000 crore for infrastructure development is a significant boost for the real estate sector. This funding will not only accelerate the development of affordable housing projects but also stimulate demand across the real estate market. Our company is excited about the potential opportunities this brings and is committed to leveraging these investments to drive innovation and growth in the sector.”
Startup

“With the introduction of new tax incentives and the extension of the ‘Startup India’ scheme, the 2024-25 budget is a game-changer for entrepreneurs. The enhanced funding for innovation and technology incubators will provide crucial support for startups, fostering a thriving ecosystem. Our company is poised to take full advantage of these initiatives, aiming to accelerate our growth and contribute to the vibrant startup landscape in India.”

Construction & Interior Design

“The budget’s allocation of ₹70,000 crore towards infrastructure development and the focus on modernizing construction practices are highly encouraging for the construction and interior design sectors. These investments are set to enhance project efficiencies and drive the adoption of advanced technologies. Our company is enthusiastic about these developments and is committed to aligning our strategies with the government’s vision for sustainable and innovative construction practices.”