Union Budget 2018 Reactions: Mr. Ashish P. Dhakan, MD & CEO, Prama Hikvision India Pvt. Ltd.

Union Budget is focused on Infrastructure Growth:

The Union Budget 2018 is a shining example of fiscal prudence with an investment focus on Infrastructure Sector and Railways. The government’s thrust on Infrastructure Sector (Rs. 14.34 Lakh Crore) and Railways (Rs.14.85 Lakh Crore) would have a positive outcome on the economy. These initiatives will drive the security industry in a whole new growth phase.

We welcome the government’s move to double the allocation on the Digital India programme to Rs 3,073 crore — a decision that will help the research and skilling in Robotics, Artificial Intelligence (AI) and Internet of Things (IoT), among others. We also appreciate the government’s resolve to support the establishment of centres of excellence for Research, Training and Skilling in Robotics, AI, Digital Manufacturing, Big Data Analytics, Quantum Communication and IoT.

About Hikvision

Hikvision is the world’s leading provider of innovative video surveillance products and solutions. Featuring the industry’s strongest R&D workforce, Hikvision advances core technologies of audio and video encoding, video image processing, and related data storage, as well as forward-looking technologies such as cloud computing, big data, and deep learning. In addition to the video surveillance industry, Hikvision extends its reach to smart home tech, industrial automation, and automotive electronics industries to achieve its long-term vision. Always creating value for its customers, Hikvision operates 33 regional subsidiaries all over the world to achieve a truly global presence. For more information, please visit us at www.hikvisionindia.com.    

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