MAY 13th, 2014
CEO WISH LIST
India Inc’s prescription Anil Agarwal, Chairman - Vedanta Group
We look at a few things that might top its to- do list:
AUCTION NATURAL RESOURCES
This could generate more funds, improve the employment scene and help fight poverty
CLEAR ECONOMIC STRUCTURE
Transparent and simplified economic structure needed; should inspire global confidence in India’s policies, commitment and government support.
INVEST MORE IN E & P
Exploration & production (E& P) and development of natural resources will eradicate poverty & unemployment
Government should divest 51% in 250 state and central PSUs, with a caveat that no one can own more than 10% in these companies
INVEST IN CHILD CARE
Could generate more funds and employment to help fight poverty.
MANUFACTURING & INVESTMENTS
A new government will soon be taking on the various challenges facing the Indian economy.
Kick- starting the National Manufacturing Policy.
It was rolled out in 2011 but failed to bring in required investment
Increasing the share of manufacturing in gross domestic product.
The share has fallen to 15%, while the NMP aims to increase it to 25% by 2020.
Boosting foreign direct investment ( FDI) inflows, which has dwindled over the past few years.
Reviewing the FDI policy for multi- brand retailing. It has failed to rope in big investors.
Should allow FDI in railways, real estate and e- commerce. These got stalled due to the impending elections.