We are also considering how best to deregulate cellular telephony completely. We are building 13,000 kilometres of new National Highway in seven years. Ports are being corporatised and private participation in port building welcome. There have been complaints about power projects in the past. We want to undo this.
Power requires huge investment in India to meet our energy needs.
The de-politicization of tariff fixation and its acceptance by many State Governments create new opportunities. I expect several important commercial agreements to be signed even during my visit. Several large power projects languishing for years should see financial closure over the next four to six months. A new Electricity Bill 2000, which significantly deregulates the power sector, is on the anvil. It will enable much greater consumer freedom.