Budget 2021 expectations: This Robot puts a request in front of FM Nirmala Sitharaman on ‘roadmap’ for a 5-trillion economy

Ahead of the Union Budget 2021, everyone has some expectations from Finance Minister Nirmala Sitharaman, who will be presenting her third Union Budget on February 1, 2021. Common man, industrialists, farmers, students, corporates, doctors—all want some provisions be made in the budget 2021, ultimately helping them. All sounds alright till now, Right! However, what if we say a machine too has raised a demand? Yes, ALTON, an indigenously developed Humanoid Robot, has put forward a request for the Finance Minister to consider ahead of the Union Budget 2021 presentation in Parliament on February 1.      

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ALTON, developed at INKER’s R&D center, is a modular training Robot, designed to enable an experiential learning experience in Robotics.  

In an interaction with Rahul P Balachandran, CEO, Inker Robotics, ALTON said, “Globally Automation is currently a $168 Billion industry with an immense growth opportunity. As we move along this path, the nature of jobs and the skills required will be different from what we have currently. With progress also comes the need to innovate, reskill and upskill. Now is the time to drive adequate skilling initiatives and designing the strategic education roadmap by academia and industry leaders in the field.”  

It further said, “To meet India’s vision of a $5 Trillion economy, incentivization of educational road map development with industry participation is required. Additionally, incentivization of relevant sectors to adopt the Industry 4.0 technologies should be provided to accelerate the demand for robotics and automation. The expectation from the Finance Ministry during the Union Budget Announcement on February 1 is to support automation players in diving deeper into this mission, empower the student community to drive India’s Automation future, and help stakeholders across industries to drive this vision,” it added.  

Balachandran said India has been projected as the only economy that will grow in double-digit i.e. 11.5 percent in 2021. “As we have seen, the challenging 2020-21 has made us realize the importance of adapting and adopting the latest technologies to drive the economy forward. To enable us to be future-ready it is important to expand on policies and programs like National Program on Artificial Intelligence,” he said.  

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