Profiling Mr. Subhash Sethi for Budget Line cloumn

Dear Srivats,

 

This is regarding my client Subhash Projects and Marketing Ltd.

Would like to explore an opportunity for placing Mr. Subhash Sethi, Vice Chairman, Subhash Projects in Budget line

 

Below, please find the quote on pre- budget expectations from the General Budget 09

 

Kindly let me know whether we can take this forward for you column.

 

 

Budget expectations: SPML

 

The responses are to be attributed to Mr. Subhash Sethi, Vice Chairman, Subhash Projects And Marketing Limited

 

 

Continued focus on development policies such as JNNURM, RGGVY is crucial for the growth sustenance of both the rural as well as urban infrastructure of the country. The flagship programmes need to continue and expand. We expect more allocation of funds and are hopeful of more supportive policies from the centre, which will help companies like ours to participate and contribute to the overall growth of the nation. We also expect removal of interest rate ceilings on External Commercial Borrowings (ECBs) from Non Banking Financial Companies (NBFCs) in order to infuse more funds into infrastructure development.

In the current global scenario, from an Infrastructure development standpoint, India should continue to focus on Public-Private-Partnership (PPP) modules, which will help standardise the pattern. We expect the budget to encourage private participation in development projects as it will be more economic as well as expedite the process.

Instability of rules has been a major constraint in infrastructure development. We expect the government to push for effective regulation and implementation of the current policies rather than introducing new rules since rule instability not only constraints investments, but also allow companies to change the rules by lobbying.

Service tax on infrastructure sector should be withdrawn to reduce cost of projects.

Tax on purchase of machinery for infrastructure companies should be subsidized in order to motivate companies to pursue more projects and also for technical enhancement of the companies, which in turn will improve the quality of infrastructure development of the nation.

 

 

 

 

Thanks & Regards,

 

 

The Science of Image Management
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