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SINGAPORE, Feb 1 (PTI) – A Singapore-based global investor has applauded the annual budget presented by Finance Minister Nirmala Sitharaman on Wednesday, saying it is a big step in the right direction for a developing India.
Sitharaman tabled the 2023-24 federal budget in the Lok Sabha on Wednesday, becoming the sixth minister to submit five consecutive budgets after India’s independence.
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Atul Temurnikar, chairman of the Global Schools Foundation (GSF), said the latest Indian budget provided more empowerment to the people – whether young or old, business class or working class, the The foundation aims to increase its investment in India over the next five years.
“This is a huge step in the right direction for a developing India. With this budget, we have made it clear that the aspirations of the youth are matched with the priorities of the government,” Temurnikar said.
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“The Saptrishi initiative has taken the right 7 steps to be inclusive in every way. As an educator and entrepreneur, I see this as a focused attempt to put India on the highway of development and empower young people Get in the driver’s seat,” he said.
GSF plans to invest $550 million in India as part of the continued expansion of its network of 35 campuses in 11 countries.
The 7 main priorities known as “Saptrishi” aim to drive sustainable and environmentally friendly economic development.
The announcement of a deeper investment in digital and physical infrastructure for the benefit of the student community is welcome news for the foundation, which operates international schools in India based on the Indian International Curriculum, and hopes to increase access to young A generation of investments to create a better future for the nation.
Temurnikar, who has been running international schools in Singapore for the past two decades, said Kushal Vikaas Yojna to upskill youth and 100 labs to develop applications for 5G services were the best initiatives in the budget.
“Such an incubator is an immediate need, and these labs will focus on needs such as intelligent transportation systems, smart classrooms, precision agriculture, etc., which is an exciting proposition.
“India’s talented young people will be able to take advantage of these facilities and lead the country on a larger trajectory,” said Temurnikar, who is originally from Nagpur and has lived in Singapore for more than 30 years.
Three AI Centers of Excellence at top educational institutions, 100 labs at engineering institutions to develop applications using 5G services, and a National Digital Library for Children and Youth to facilitate the availability of high-quality books across geographies, languages, and genres , these are all in it. Announcements for the Education Sector in Budget 2023-24.
Temurnikar said the decision to launch three AI centers of excellence was also a priority.
“This is great news not only for individual teachers and their professional development, but also for schools and students who will benefit from the educators’ expertise.
“Post-Covid, we continue to prepare for seamless education and the budget proves that Indian educators are playing an active role in ensuring that we remain vigilant and flexible in delivering benefits to our younger generations,” he said.
He said the announcement of the National Digital Library for Children and Young People was one such step, which would give students access to quality books across geographies, languages, genres and levels – from rural to urban.
“The government recognizes the need of the times for upskilling and blended education and they have a firm finger on the pulse of the education sector,” he said.
“This budget is comprehensive. FM puts inclusivity, capex, consumption, digitalization and the middle class front and center,” said P Sudarshan Venu, managing director of TVS Motor Company in Singapore.
“The emphasis on increasing infrastructure spending and supporting lithium-ion battery manufacturing will be a huge boost for the industry,” Venu said.
(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)
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