Kiran Mazumdar Shaw Praises Union Budget's Focus on Growth, Innovation

Kiran Mazumdar Shaw, Executive Chairperson of Biocon Limited, has welcomed the Union Budget presented by Finance Minister Nirmala Sitharaman. She highlights the budget's commitment to job creation, support for start-ups, and research and innovation, while suggesting GST exemptions on cancer drugs to make treatment more affordable.

Kiran Mazumdar Shaw, the Executive Chairperson of Biocon Limited, has endorsed the Union Budget presented by Finance Minister Nirmala Sitharaman.

Shaw noted that the budget builds on the government's Interim Budget with positive indicators for India's economic growth. She praised the focus on job creation through skilling, emphasizing internships with stipends from the government and CSR funding as crucial for employability.

The budget also targets the start-up ecosystem, especially through the abolition of the 'angel tax' to encourage investment and ease of doing business, benefiting MSMEs. Highlighting the government's attention to research and innovation, Shaw welcomed the Rs 1 lakh crore financial pool aimed to drive private sector-led research. She also urged the government to consider GST exemptions on all cancer drugs for better affordability.

(With inputs from agencies.)