Doing Business with Indian States
Yesterday attended a conference organized by the High Commission of India about "Doing business with Indian States: Opportunities and the way forward" . In my circles I have met many people who are gung ho about the changes in the Indian Government's approach towards investors. They speak of the improved access to the decision makers and a certain sense of speed and urgency not seen before. I have heard some of the State Chief Ministers speaking in Singapore and the excitement is visible and generally I think these outreach efforts are steps in the right direction. Jawed Ashraf, the Indian High Commissioner's welcome remark was an articulate summary of the India story. Beyond economics, he spoke of social sectors, which is a conspicuous addition to the usual economic focus of such events. Ashraf briefly commented on the Federal structure of India and highlighted the critical role of states wrt the execution of projects and how post liberalization, the S