Not much has changed for India Inc. since the UPA took the power seat in 2004. Genuine business interests continued to suffer, analyses VIRAT BAHRI
The aviation industry only highlights the glaring twin opportunities that the UPA government sorely missed throughout its tenure, when it comes to India Inc. – to make the industry more competitive through genuine support systems and to minimise the incidence of crony capitalism, that is the sordid saga of unfair state patronage of Indian business.
Take the telecom industry in particular. The laughable execution of license bidding processes under Telecom minister A. Raja was historic. Unitech, which bought the license for 13 circles for Rs.16.5 billion in the earlier part of 2008 and sold 60% of its stake to Telenor for a mammoth Rs.61.2 billion later in October, would remember Raja fondly for the years to come! Then, number portability was a crucial policy decision that was pending in the early years of this UPA regime. And it is pending still. Another issue that became controversial was the issuing of GSM licence to Anil Ambani’s RCom much before the other players. And 3G bidding? Well, the next government will worry about that now.
Read more......
For More IIPM Info, Visit below mentioned IIPM articles.
The aviation industry only highlights the glaring twin opportunities that the UPA government sorely missed throughout its tenure, when it comes to India Inc. – to make the industry more competitive through genuine support systems and to minimise the incidence of crony capitalism, that is the sordid saga of unfair state patronage of Indian business.
Take the telecom industry in particular. The laughable execution of license bidding processes under Telecom minister A. Raja was historic. Unitech, which bought the license for 13 circles for Rs.16.5 billion in the earlier part of 2008 and sold 60% of its stake to Telenor for a mammoth Rs.61.2 billion later in October, would remember Raja fondly for the years to come! Then, number portability was a crucial policy decision that was pending in the early years of this UPA regime. And it is pending still. Another issue that became controversial was the issuing of GSM licence to Anil Ambani’s RCom much before the other players. And 3G bidding? Well, the next government will worry about that now.
Read more......
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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