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Privatisation to unleash new opportunities, boost investment: India Inc – Financial News Live

Privatisation to unleash new opportunities, boost investment: India Inc

Privatisation to unleash new opportunities, boost investment: India Inc

A day after Prime Minister Narendra Modi said the "government has no business

Brainard says Fed should shift to more aggressive strategy to boost the economy
Prioritise spending, boost infra, sell PSUs: Raghuram Rajan on Budget
Realtors say RBI decisions to boost liquidity; seek quick transmission




A day after Prime Minister said the “government has no business to be in business”, on Thursday said except in strategic sectors would unleash exciting opportunities, boost investments in infrastructure and create jobs.


However, the industry called for an effective implementation of road map towards and asset monetisation, cautioning that regulatory and legal hurdles should not derail the process.


FICCI President Uday Shankar said senior government functionaries and other officials responsible for the execution of the programme would adopt a highly cautious approach in case they are not insulated from the outcome of their bona fide decisions.


“Wisdom gained in hindsight should not be used to question the judgement of the decision-takers and such officers should be offered protection for their action done in good faith,” he said.


The FICCI president emphasised that the quality of the asset is as important as the credibility of the process. In addition to…



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