Friday, February 18, 2011

Ajay S Mittal, Group Chairman & Managing Director, Arshiya International Ltd.

1. The government needs to encourage higher investment in the infrastructure sector. Industry still faces major bottlenecks in doing business, and this affects the economy's growth.
2. In the logistics sector, the railways need to look at reintroducing some schemes such as SFTO, AFTO, etc. that had failed earlier with necessary modifications to enable private sector participation. Focus should be on setting up high-speed dedicated freight corridors under a clear timetable - with private participation if needed. Private sector participation has helped in sectors such as telecom, aviation and ports - railways too can get a similar boost.
3. Land acquisition has become a very sensitive issue in the past couple of years. It is important that farmers/land-owners are treated fairly and the government can help by bringing reforms that ensure a fair price is paid and that displaced people also benefit from new projects by the way of jobs etc. This will also help bring down resistance to land acquisition.

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