Hyderabad: Finance Minister P Chidambaram on Saturday emphasised on the need for providing greater freedom for market forces so that more investment could be attracted in the country.
“Capital flow is decided by the opportunity for profit-making. We have to create such opportunity to facilitate greater capital flow in the country,” said Chidambaram at a round-table conference organised by Satyam Computer Services Ltd.
He was participating in a panel discussion on "Creating a Conducive Ecosystem for building world class institutions".
Giving an example of three recent infrastructure projects in Gujarat, Chidambaram said there had been a shift from seeking securities/viability gap funding for public and private partnership (PPP) projects to paying sums to the government. "We are now entering a phase of negative grants," he added.
Later, responding to queries, Chidambaram said constitutionally created institutions like legislatures and parliament would work more efficiently if every citizen in India casts his vote properly and without fail.
Chief Minister Y S Rajasekhara Reddy said the industrial power tariff was the lowest in the state.
B Ramalinga Raju, Chairman, Satyam Compters narrated the milestones in company's growth.
Comments
0 comment