Business Daily from THE HINDU group of publications
Sunday, Jul 05, 2009
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Business Daily from THE HINDU group of publications Sunday, Jul 05, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Industry & Economy
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Budget Invest in security infrastructure 
I expect the upcoming Budget to provide (for) expenditure on infrastructure development, particularly in major metros. Although the Government is investing a lot in building roads, bridges etc, we completely lack security infrastructure to prevent terror incidences like 26/11. The Government needs to invest in security infrastructure such as city surveillance, crowd management (such systems exist in cities such as London and New York). This will enable an efficient, secure flow of people, goods, vehicles, capital and information; making India more attractive for private investors, international and regional organisations, residents, and tourists, among others. The Government should also pay attention to Customs duties on security and safety products. Peak rate of Customs duty of 24.42 per cent is applicable to most of the imports on hardware and software. Add to this freight and forwarding, insurance and other charges — and the total import cost goes up to 30 per cent on ex-works. Reduction in Customs duty on security and safety in hardware and software will help make these products more affordable. Manohar Bidaye, Chairman, Zicom Electronic Security Systems Ltd
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