Please find enclosed the Budget Wishlist from Mr. Indresh Batra, MD, Jindal SAW Ltd. & Chairman, Jindal ITF (Infrastructure, Transportation & Fabrication) Ltd., for your reference. Also, attached is Mr. Batra's photograph and profile.
Malika Mathur
Mr. Indresh Batra, MD, Jindal SAW Ltd. & Chairman, Jindal ITF Ltd.
~ Budget 2009 Wishlist ~
"This Union Budget, the government should make gas pipeline infrastructure in the country a top priority and also set up a nodal agency like the National Highway Authority of India for speedier implementation and funding. Besides this, we also propose setting up of an independent regulator for Hydrocarbon markets.
We also recommend that JNNURM should be strengthened for implementing water, sewage and other urban infrastructure projects. There is also a need to put a cess to fund social sector infrastructure projects.
Further the government should look at coastal and inland water shipping as a program of national importance and use it as a Marquee national infrastructure project which has tremendous potential for generating employment and reducing the cost of transportation, thus, making other sectors more competitive.
Lastly, the government should roll out and implement a full GST and also eliminate FBT."
About Jindal SAW Limited
Part of USD 10 billion Jindal Group, the fourth largest industrial house in India Jindal SAW Ltd. is one of the country's largest producers of SAW pipes, which is widely used in the energy sector for transportation of oil and gas. With integrated facilities at multiple locations and an ever-expanding market opportunity, it has diversified from a single to a multi-product company, manufacturing Submerged Arc Welded Pipes, Spiral Pipes and bends for the energy transportation sector; carbon, alloy and stainless steel Seamless Pipes and tubes for industrial applications; and Ductile Iron pipes for water and sewage transportation. Besides this Jindal SAW Ltd. provides value added products and services like anti-corrosion coatings for pipe and bends, induction bends and connector casings.
About Jindal ITF Ltd.:
Jindal ITF is the infrastructure arm of Jindal SAW and its business verticals include Jindal Aquasource, Jindal Vector, Jindal Ecopolis, Jindal Rail Infrastructure and Jindal Shipyards. These diverse portals are united under a single goal: that of improving life in a sustainable manner. Jindal Aquasource is focused on turnkey development, ownership and management of new water and wastewater projects. Jindal Vector is a logistics solutions provider using waterborne transportation as a backbone. Jindal Ecopolis provides comprehensive and effective solutions to manage municipal solid waste. Jindal Shipyards is developing India Maritime Technology Park, a 700-hectare project at Dahej that expects to start large-scale integrated shipbuilding in late 2010. The company also produces equipment for ships, shipyards, ports and terminals, in association with overseas partners. Jindal Rail Infrastructure is a new venture, focused on producing rail wagons and metro coaches for domestic and overseas deployment.
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