By: Dhananjaya Bhardwaj, CEO And Founder, ParkMate

At ParkMate, we’re thrilled with the incredible opportunities presented in the Union Budget 2025-26. The announcement of a 1 lakh crore fund for private sector R&D, backed by a 50-year interest-free financing scheme, is a game-changer for us. It empowers our team to dream bigger, work on groundbreaking ideas, and develop innovative solutions that can transform parking and mobility as we know it. This isn’t just about research-it’s about creating technologies that solve today’s challenges while preparing for a smarter sustainable tomorrow. On top of this, the extension of tax benefits for startups until March 31, 2025, is a significant boost for companies like ours. It reinforces the government’s trust in startups and provides the support we need to stay focused on building advanced parking solutions that genuinely make life easier. These measures fuel our commitment to innovation and inspire us to contribute even more to the nation’s progress.