Voices from the Industry: Insights & Expectations for the Upcoming Budget

Ashish Kakkar, CEO and Co-Founder of Harmony Systems

Feels that the 2024 Budget made notable advancements in improving India’s manufacturing abilities and infrastructure growth, which had a beneficial effect on sectors such as furniture and office solutions. As we near the 2025 Budget, we remain hopeful for additional actions to assist businesses that promote workplace innovation and security improvements.

The industry would significantly gain from programs like subsidies for implementing sustainable manufacturing methods, reduced GST rates on furniture and modular office solutions, and incentives for firms investing in state-of-the-art control room technology to enhance security infrastructure.

We also anticipate a focus on digital transformation and simplified import-export regulations to aid businesses serving various industries. With these reforms, Harmony Systems is assured that India’s workspace and security solutions market can expand significantly while aiding the overall advancement of the economy.