Expectations from Budget

 

Dear Mr. Murali,

 

Following are budget expectations of Mr. Amit Bansal. Mr. Bansal is the CEO of PurpleLeap who are into training IT / ITES students to get them industry ready.

 

Mr. Amit’s inputs:

 

The Finance Minister should allocate the budget for Education and Training industry in the following way:

 

• Investments for Building Technology and Infrastructure for delivering technology enabled learning: 

          The technology needs investment in 3 areas: 

 

1. Infrastructure: Broadband/VSAT enabled multi-media classrooms
2. Multi-media Content: Video lectures, simulations, self-paced learning programs etc.
3. Learning Management Systems: Enabling teachers/administrators to use the multi-media content more effectively and use tools to monitor and improve the students’ performance more scientifically.
4. Over the next 5 years, if the govt spends about 10,000 crores across these three areas, we will build a capacity to deliver the technology enabled learning to over 1 crore students per year.

  

• Incentives for students who are ready for the industry by the time they graduate. This will make sure that the students are willing to invest more in themselves for making them workplace ready. Govt could explore the possibility of recovering the same from the industry.

 

1.   Govt should provide soft-education loans for the students who engage in Workplace Programs

2.       Part of the fee should be reimbursed to the students who are certified by the industry as being workplace ready. The order of fee reimbursement can be 50,000 per student. This amount can be part recovered from the industry in form of cess.

3.       All students who are industry certified should get a minimum employment guarantee from the government.

 

• Tax breaks and other incentives for organizations working for capacity building in the education space.

1.       Organizations that are making investments in building technology capacity for education should be allowed to import technology without the overhead of taxes. A similar move was made for IT firms that lowered the cost of setting up infrastructure for starting an IT firm.

2.       Imparting services to the education institutions should be tax exempted to encourage companies working for the education sector.

 

 

Regards,

 

Surabhi Mishra

 

Sr. PR Executive
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