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IFSEC Global India Correspondent, IFSEC Global

March 11, 2015

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Reaction to Union Budget 2015: Sudhindra Holla, country manager, Axis Communications India & SAARC

Sudhindra_Holla_Photo“The budget put forth this year by our Finance Minister, Arun Jaitley has been well thought of and it addresses the much needed security and infrastructure needs of the country,” says Sudhindra Holla, country manager, Axis Communications India & SAARC.

The focus on security is particularly commendable, with Rs 1000 crore being added to the Nirbhaya fund.

“This shows that the government is taking security and surveillance seriously. The country is at a crucial juncture in terms of security and this announcement is a very welcome one, which will boost trust and well-being among citizens. We look forward to this announcement being implemented soon,” Holla added.

Finance Minister Arun Jaitley on his budget announcement has allocated Rs 1000 crore for the already existing Nirbhaya fund, doubling it to Rs 2000 crore.

“The government is committed to safety and security of women, and another Rs 1000 crore has been allocated to the Nirbhaya Fund,” said Jaitley while presenting the Union budget.

The Nirbhaya fund was set up by the previous Union government in the aftermath of the December 16 Delhi gangrape.

Women safety has been a major issue in the country from past few years.

Despite several measures the Government has not been able to curb down these heinous incidents.

It has been noticed that even the Nirbhaya fund has not been able to make any significant improvement to women safety as most of amount was reported to be underutilized.

Commenting on the ‘Smart Cities’, which has not been mentioned in the union budget, Holla said, “ Rs 25, 000 crore is being allocated for the rural infrastructure development and Rs 1,200 crore for DMIC (Delhi Mumbai Industrial corridor) project – this will definitely steer India towards becoming a ‘smarter’ country. “

“For the surveillance industry, this will provide a significant market and potential, since to maintain the infrastructure, security, and surveillance will be fundamental.”

“As with the smart cities, about 10-15 percent of the total cost for the infrastructure will go in security systems.”

“The budget has been very good and we appreciate and applaud the center’s effort to make this country a safer place to live,” added Holla.

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