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Sundaram replaces Sitapati as ED at HUL
The Hindu
Hindustan Unilever Ltd. (HUL) has announced the appointment of Srinandan Sundaram, currently executive director, customer development as executive director, foods and refreshment, with effect from Jul
Hindustan Unilever Ltd. (HUL) has announced the appointment of Srinandan Sundaram, currently executive director, customer development as executive director, foods and refreshment, with effect from July 1. He replaces Sudhir Sitapati, who is leaving the organisation to pursue an external opportunity. Mr. Sitapati had joined the organisation as a management trainee in 1999 and had successfully managed roles across sales and marketing. Sanjiv Mehta, CMD, HUL, said, “I would like to thank Sudhir for his immense contributions to the company over the last two decades. We cherish iconic ad campaigns like Daag Acche Hain and Swad Apnepan Ka that were created under his leadership. He played a pivotal role in the merger of GSK CH into HUL.”![](/newspic/picid-1269750-20250211011510.jpg)
The Union Budget unveiled on February 1, 2025, has come at a time of unprecedented global uncertainty and a flagging domestic economy. The real GDP growth is estimated at 6.4% for 2024-25 and between 6.3-6.8% for 2025-26, a far cry from >8 percent growth required annually to make India a developed nation by 2047. While much attention has been devoted to the demand stimulus through income tax cuts, not enough is said about the proposed reforms in urban development, tariff rationalisation, and regulatory simplification aimed at making Indian cities and corporates more competitive. Since the majority of economic activity is located in cities (urban areas account for ~55% of GDP) and produced by large corporates (~40% of the national output and 55% of India’s exports), the above-mentioned reforms have a pivotal role in improving India’s trend growth rate. Below we unpack each reform.