|Issues & Solutions|
Good Morning ladies and gentlemen.
15 years back Manmohan Singhji began a process that freed the economy in more ways than one. He free the economic growth from government and politicians and if today all of us agree to one thing it is that will continue to grow whichever government comes to power that is the most significant and fundamental truth.
The private sector has to play an even more important role and the government has to provide greatest stimulus.
Let me sum up by suggesting five key actions, on the infrastructure front that will help accelerate our growth to double digits, funding of infrastructure projects at low interest rates, taking the SEZ act to the next logical step by providing support to the development of green field sites quickly and economically, power sector reforms to be further accelerated, market determine pricing of utilities put in place, private sector and foreign direct investments need to be further increased.
It is easy for industry to right prescriptions for the well being of the patient but I know how difficult it is for the government to balance pressures on the economic and political front. As you know I have spent a majority of my earlier years working in the government offices and mind you not as an employee, on behalf of industry. I can reiterate our commitment to compress 15 years to 5 we can build it if we can make our own way.
April 21, 2006
This passage below is taken from the India Today magazine where Essar Shipping's Shashi Ruia gave a speech. Pay close attention to the infrastructure figures cited.