Budget expectations : SPML

Dear Sir,

 

Please find enclosed below the budget expectations of Subhash Projects & Marketing Limited, one of the leading infrastructure company from India. Also attached is a picture of Mr. Subhash Sethi alongwith the company backgrounder and Mr. Sethi’s profile.

 

 

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Service tax on infrastructure sector should be withdrawn to reduce cost of projects.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

 

 

Hope you can use this.

 

Thanks and Regards,

 

Ankush R. Chavan. 

The Science of Image Management
Ankush Chavan Senior Media Executive	Perfect Relations Ltd. 322, Mhatre Pen Bld., B-Wing, Senapati Bapat Marg, Dadar (W) Mumbai - 400 028.
achavan@perfectrelations.com   http://www.perfectrelations.com	Tel: 22-24367155 Fax: 22-24384564 Mobile:  9869785684