Budget Line| write-up from Samtel Dispay Systems

Dear Mr. Srivats

 

This is with reference to the column “Budget Line” that HBL is featuring in the run-up to the budget. Please find below some inputs from Mr. Puneet Kaura, Executive Director of Samtel Display Systems – the avionics arm of the famous Samtel Group headed by Mr. Satish Kaura.

 

Also attached for your reference a brief profile and picture of Mr. Puneet Kaura. Hope you find this useful.

 

Please feel free to contact me for any further information.

 

Thanks and regards

 

The Science of Image Management
Nirjhara Rastogi Senior Image Executive	Perfect Relations Ltd. 901, Sector 17B  Near IFFCO Colony Gurgaon- 122001.
nrastogi@perfectrelations.com	Tel: 0124-4100131 Mobile:  +91-9810740777

 

Aviation and defense may redefine the economy..
 
The defense and aviation industry is currently redefining the Indian economy. Despite the consistent raise in defence budget allocation over the past 2 years, the total budgetary allocation remains between 1.97 and 2.41 per cent of the GDP; much less compared to that of India’s neighbors. Even though the allocated budget appears to be very high, there is a chance that the funds may not suffice to meet the long-term modernization programme. The defense budget needs to be raised again keeping the focus on capital expenditure. It is also essential since the attached offset obligations will also act as a catalyst in the growth of the indigenous industry.
 
Given the ailing state of the aviation industry, it will be of great help to grant Declared Goods status to ATF even though a complete financial bail-out for the airlines may not be possible. The Indian aviation industry has long been bogged down by a negative fiscal regime and heavy taxes with strangulating cost structures. Measures to cut these costs need to be on the list of priorities in the upcoming budget. While the common man remains at the centre of the offerings of the Union budget, it also needs to address the needs of the two industries that may well mean a turn-around for the Indian economy.

 

Written by Mr. Puneet Kaura (Executive Director, Samtel Display Systems)

 

 

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From: Nirjhara Rastogi [mailto:nrastogi@perfectrelations.com]
Sent: Tuesday, June 30, 2009 2:22 PM
To: 'krsrivats@thehindu.co.in'
Subject: Query regarding Budget Line

 

Hi Mr. Srivats

 

This is with reference to the column “Budget Line” that HBL is featuring in the run-up to the budget. Could you please let me know if you are still open to receiving inputs from key players across industries?

 

One of the corporates I work with is Samtel Display Systems, the only big avionics player in India. Given the offsets obligations that India’s defense procurements will throw up, they are indeed in a position to express their expectations from the upcoming budget. Should you approve, we shall share a write-up with you at the earliest.

 

Would request you to drop me a line with your feedback. It would be of great help.

 

Thanks and regards

 

The Science of Image Management
Nirjhara Rastogi Senior Image Executive	Perfect Relations Ltd. 901, Sector 17B  Near IFFCO Colony Gurgaon- 122001.
nrastogi@perfectrelations.com	Tel: 0124-4100131 Mobile:  +91-9810740777