A growth oriented budget for a new and empowered India

We welcome the growth oriented interim budget 2024-2025 with a clear roadmap for a new and empowered India. This budget has the vision of ‘Jan Kalyan’ (Public Welfare) and Viksit Bharat (Developed India) with the idea of inclusive growth. It has a clear imprint of the government’s mantra ‘Sabka Saath, Sabka Vikas, and Sabka Vishwas’. It is a visionary budget with special focus on infrastructure development, inclusive growth and skilling youth. The agenda of empowering Amrit Peedhi (the emerging generation) through multiple schemes and initiatives (Skill India Mission, PM Mudra Yojna and Start-Up India) is quite evident in the budget. These initiatives are assisting our youth and entrepreneurs while delivering amazing results.

The Indian Electronic Security Industry is hoping for more concessions and tax rebates for strengthening the manufacturing sector. This will help to enable the latest technologies and security products for the greater good. We sincerely hope that the Finance Minister would consider the key concerns of the key electronic security Industry stakeholders in the future policies and tax reforms. We are sure that the government will continue to support the Make-in-India 2.0 with a clear roadmap and policy structure. The Electronic Security Industry is expecting the continued government support to contribute significantly to the nation’s economic growth.

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Ashish P. Dhakan is a first generation entrepreneur with rare foresight and zeal. He has raised the bar of the security industry in India by setting a new benchmark. He holds an MBA from Mumbai University and a Bachelor’s Degree in Engineering. As an out of the box thinker and business leader, he has supported the cause of Indian Security Industry through various industry bodies and forums. His consistent initiatives led to the enhanced security awareness among government, public and private sectors.

His vision about Indian security industry’s growth potential has led to the formation of the Prama Hikvision India. Under his dynamic leadership company has evolved into a leading security business entity. He has successfully developed a network of dealers, distributors and system integrators across India.

Being a visionary business leader Mr. Dhakan has built a diversified vertical solutions team to offer bespoke vertical solutions. These vertical solutions offered are best suited for the Indian environment and customised as per end-users requirements and specifications. He is driving the technological innovations through various R&D initiatives.

He has also been instrumental in setting up a state-of-the-art training centre in India to train system integrators, partners and end-users about latest technologies, products and solutions. He initiated 26 RMA centers across India to enable RMA processes to support dealer and distributor network. He is the driving force behind ‘Make-in–India’ roadmap.

Under his prudent management, the company has made a big ticket investment in ‘Make-in-India’ program with long term commitments. It is one of the biggest initiatives rolled out by far as a part of India specific product manufacturing roadmap. With this initiative, a world-class manufacturing plant was set up to cater video security products to the Indian market. It is one of the largest and most advanced electronic manufacturing facilities in India.

Guided by his vision and leadership, the Hikvision brand has been growing from strength to strength. He has successfully established an impeccable trust among the security industry peers and professionals. His pioneering initiatives led to many breakthroughs and established the company as one of the leading security business entities. His inspirational success saga is an integral part of the Indian security industry’s shining growth story.

For more information - please visit us at www.hikvisionindia.com 

(This "EXPERT TALK" Published in February 2024 Edition)