Budget 2025: Insights from Supply Chain & Retail Tech

Budget Reaction from Mr Leo Peter Charles, Founder & Managing Director at Jane Solutions -Supply Chain Management Company:

“In a major push for India’s maritime sector, Finance Minister Nirmala Sitharaman announced new provisions and facilities to enhance shipbuilding in India as part of the Union Budget 2025. This initiative is set to improve supply chain efficiency and strengthen the country’s logistics network.

With improved shipbuilding capabilities, India can expand its shipping fleet, reduce dependency on foreign vessels, and lower logistics costs. This will particularly benefit fisheries and agri-export sectors, ensuring faster, more cost-effective global trade. Strengthening domestic shipbuilding also supports port infrastructure and coastal connectivity, boosting India’s trade competitiveness worldwide.”

Budget Reaction from Mr Harsh Talwar, Founder & CEO, Cashforphone- Online Retail Tech Startup Company:

“The 2025 Budget holds promising avenues for startups and the retail industry, especially those companies that specialize in sustainable and technology-based services such as mobile phone recycling, repair, and resale. The incorporation period of five years for startups and an increased Credit Guarantee Scheme of ₹20 crore will provide much-needed financial support to emerging businesses and spur innovation and growth in the circular economy.

The removal of TCS on certain transactions, coupled with the simplification of tax compliance, will ease complexity in operations, thereby making business transactions in the refurbished mobile phone market smoother. Reducing the BCD on crucial minerals such as lithium-ion battery waste and scrap, as done by the government, is a step in the right direction and is likely to fortify the electronics recycling industry, in general, to use resources appropriately and sustainably.

This budget further cements India’s commitment to developing a robust, technology-driven retail ecosystem by pushing ease of doing business and further reinforcing financial support for startups. We look forward to using these reforms to drive the adoption of refurbished and recycled mobile devices into a wider consumer base while supporting India’s green economy.”

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