The Pre-budget expectation quote from UdayaBhaskar Rao Abburu, CEO & Managing Director, iRAM Technologies

“Today, MSMEs are facing the problem with liquidity due to non-cooperation from banks. Although the government has the CGTMSE scheme, it is still not being implemented properly by banks. My expectation from the budget is that MSMEs and Indian start-ups should be given preference to participate in smart cities projects. In order to boost domestic manufacturing, we expect our honorable Finance Minister to provide duty exemption to those vendors who import raw materials for smart cities projects. This will give price parity for Indian manufacturers to compete against Chinese imports.”

About iRAM Technologies:

iRAM is a product development and technology company with most advanced solutions based on Internet of Things (IoT). The products and solutions from iRAM are specially designed to make urban living more convenient, aligned with the government’s Smart City initiative. iRAM’s solutions are home grown, developed in their manufacturing facility in Bangalore. Some products and solutions from iRAM’s stable are – Smart Parking Solutions, Smart Poles, Smart Lightings, Smart Environment Solutions and Customized Solutions.