Regards,
Chavneet Sabherwal
Corporate VoiceIWeber Shandwick
Vilco Centre, 4th Floor, B Wing 8 Subhash Rd,
Vile Parle (East) near Garware House
Mumbai 400057
Telephone: +91 22 40311241 I M: +91 9820165470 I Fax: +91 22 2202 2391
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The willingness of the Government to revive & complete the projects that have been put on the backburner due to the adverse financial situation affecting the economy should be emphasized in the Budget. Small players which perform support services to the construction equipment industry are in urgent need of more compatible interest rates for Finance to overcome the reluctance of these small entrepreneurs to invest in new equipment.
Provisions to alleviate from the current destabilization of Indian currency should be taken into account while fixing the rates of various direct and indirect taxes and reduce them proportionately as they drive down the equity and internal rates of return (IRR) for infrastructure projects that will help the construction equipment industry to flourish and grow at a faster rate."
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