New Delhi, Feb 1 (KNN) Acknowledging the immense potential of Sunrise Opportunities, the Union Budget presented in parliament today by Union Finance & Corporate Affairs Minister Nirmala Sitharaman, has stated that supportive policies, light-touch regulations, facilitative actions to build domestic capacities, and promotion of research & development will guide the government’s approach.

“Artificial Intelligence, Geospatial Systems and Drones, Semiconductor and its eco-system, Space Economy, Genomics and Pharmaceuticals, Green Energy, and Clean Mobility Systems have immense potential to assist sustainable development at scale and modernize the country,” Sitharaman said in her Budget speech.

They provide employment opportunities for youth, and make Indian industry more efficient and competitive, she added.

While presenting the budget Sitharaman highlighted that for R&D in these sunrise opportunities, in addition to efforts of collaboration among academia, industry and public institutions, government contribution will be provided.

“Supportive policies, light-touch regulations, facilitative actions to build domestic capacities, and promotion of research & development will guide the government’s approach. For R&D in these sunrise opportunities, in addition to efforts of collaboration among academia, industry and public institutions, government contribution will be provided,” Sitharaman said. (KNN Bureau)