Time for India to face facts

Follow the money, CleanBiz.Asia August 2, 2012

To paraphrase wit and playwright Oscar Wilde: “To lose one grid, Mr Singh, may be regarded as a misfortune; to lose both looks like carelessness”.

For India’s Prime Minister, Manmohan Singh, the power collapse of, eventually, three power grids over two days leaving more than 600 million people without electricity, should be the starkest message yet that India and its politicians need to stop pandering to populism, bite-the-bullet on economic reforms and clean up its legal and regulatory act.

And, should there be action, the cleantech sector should see the greatest business benefit.

India’s power network is a fair reflection of the problems facing the country: state-owned companies with a stranglehold over smaller-scale, more agile competitors; an unattractive value proposition to investors on critical infrastructure projects; a political and legal knot of red tape and the haunting but prevalent hand of corruption.

To read the rest of this story go here.

Tags: , , , , , , , ,

Comments are closed.



China’s battle with water pollution is up-hill all the way

As the debate over revisions to China’s Environmental Law rumbles on, new incidents of groundwater and river pollution pour out of the Chinese media...

Read more »

China’s energy strategy will make waves for years to come

Follow the money, CleanBiz.Asia The economic turmoil of the financial crash saw China being feted as a white knight with drawbridges being lowered to...

Read more »

Currency Management: Minding the pennies and cents

Investment and Pensions Europe (IPE): 1 Nov 2012 01 Nov 2012 Pension funds are learning that currency costs need to be managed, writes Gerry...

Read more »

Forget the world as we knew it

Follow the Money, CleanBiz.Asia It was like an elephant in the corner of the room. Hurricane Sandy came roaring through the Northeast United States,...

Read more »

Hong Kong-listed logging company continues global rape

CleanBiz.Asia Malaysian logging group Samling, has been accused of using illegal logging permits to give it access to pristine forests in Liberia. The case...

Read more »