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Corporates demand less interference from new govt

Apr 07 2014, 21:57 IST
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The panel members felt that 'over-regulation' was one of the contributors to rising corruption in the country. Reuters The panel members felt that 'over-regulation' was one of the contributors to rising corruption in the country. Reuters
SummaryIndia will probably see a new government in the next 45 days, but business houses in India are already demanding 'less government interference'.

India will probably see a new government in the next 45 days, but business houses in India are already demanding "less government interference" and more private sector participation in "nation-building".

"The three things I am looking forward to in the new government is less governance; less interference, allowing people to work. Secondly, the focus should be on quick policy reforms, more libreralisation and thirdly greater involvement of the private sector in nation-building," said Pankaj Patel, chairman and managing director of city-based Zydus Cadila.

Patel was part of a panel discussion organised during a book-launch function held in Ahmedabad Management Association (AMA) on Monday evening.

"Less government and more governance," said Rajiv Lall, executive chairman of IDFC (Infrastructure Development Finance Company) while quoting BJP's prime-ministerial candidate Narendra Modi.

"Get rid of the inspector raj, provide transparent and predictable policies and reforms," said Lall who was part of the panel discussion organised to launch the book, "Reimaging India" in the city here. The panel members felt that "over-regulation" was one of the contributors to rising corruption in the country.

Lall also talked about the need to create a create a nation wide programme to finance construction of warehouses. "The third, is to fix Indian Railways," he said demanding the privatisation of the body.

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