If we can invite investment in these sectors, it can kick-start the economy. The only problem was lack of tariff increases but power distribution and transmission sector was a viable one from investors. Foreign investments had slowed down duty to various reasons. It was important for investors to be assured of returns on capital. As long as this was ensured, there would be no dearth of foreign investment in critical areas of the economy.
Nobody invests for charity.
On the stock market scam, he said industry was not satisfied with the role of the market regulation, the Securities and Exchange Board of India. The regulator must be more transparent, quicker and effective. The CII had set up a national task force on capital markets to review the problems and recommend measures to bring about greater transparency and effectiveness. It was important to train the persons concerned as there was not enough knowledge on regulations. The scam had not affected the morale of industry but it did have an impact on the investment climate since it was not possible to raise funds from equity markets in this scenario.