“India is on a trajectory from ‘Assembled in India’ to ‘Make in India’ and ‘Invented & Made in India’,” said Sanjeev Gupta, CEO of Karnataka Digital Economy Mission. “To truly unlock the USD 300 billion electronics vision by 2030, this Budget must incentivise creation of intellectual property by Indian companies.”Gupta urged the government to introduce a 200 per cent weighted tax deduction on R&D expenditure for the ESDM sector and expand the Design Linked Incentive (DLI) scheme by increasing its fiscal cap fourfold, from Rs 15 crore to Rs 60 crore, for strategic deep-tech startups.“To get the 200 per cent tax break or the Rs 60 crore DLI, the government can mandate that the primary patent must be filed in India and the intellectual property must be owned by an Indian-incorporated entity,” Gupta said, adding that such conditions could also encourage multinational firms to establish Indian IP-holding subsidiaries.

The countdown to Union Budget 2026-27 is on, with less than two weeks remaining, prompting experts to propose game-changing ideas for job-rich growth. Speaking to IANS, Sanjeev Kumar Gupta from Karnataka Digital Economy Mission stressed that MSMEs in Tier-2 and Tier-3 cities must embrace technology swiftly through budget allocations.