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Tech sector foresees key investments under new govt focus

The technology sector will emerge as a center of key investments, as the industry expects the new government to continue prioritizing hi-tech manufacturing, innovation, and entrepreneurship.

Picus Capital said the technology sector would emerge as a center of massive investments, and a new administration often brings policy shifts that can impact various sectors differently. Varun Gupta, the co-founder of BOULT believes the new government is likely to prioritize innovation, and the PLI scheme has the potential to play a pivotal role in realizing the government’s ambitious export targets, providing a substantial boost to the sector’s competitiveness and contribution to the global market. Harsh Gahlaut, co-founder and CEO of FinEdge said more steps could be taken toward further digitalization, and the new government should continue to push the Indian manufacturing sector to make it competitive, especially on the defense manufacturing, semiconductor, and renewable energy side. PTI

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