Reform to Dispel Governance Deficit Perception: Govt

New Delhi
Reform to Dispel Governance Deficit Perception: Govt
A day after eminent citizens, mainly the industry leaders expressed dismay over "governance deficit" in India, the government today asserted that its reforms agenda, though incremental will dispel the perception.

"It is not a question of governance deficit. Yes, the perception, if it is there, the government policy and initiatives will dispel that and create a positive environment for growth," Commerce and Industry Minister Anand Sharma said after his interaction with well-known industry leaders here.

Sharma presided over a meeting of the Board of Trade (BoT) which includes exporters and corporate honchos. The meeting was attended by TVS Motors Chairman Venu Srinivasan, ITC Chairman Y C Deveshwar, Apollo Tyres Chairman and Managing Director Onkar S Kanwar and FIEO chief Ramu S Deora.

Sharma said that the government "has an abiding commitment for incremental reforms agenda which will be reflected in some of the policy decisions which are in the final stages of consideration".

Earlier in the day, he said the government was "seriously" considering raising FDI cap in the single brand retail from 51 per cent.

Sharma's deputy, Jyotiraditya Scindia too said "you will see a number of decisions being taken" in the near future.

In an open letter to political leaders yesterday, a group of prominent citizens including industry leaders like Azim Premji, Deepak Parekh, Jamshyd Godrej and Keshub Mahindra expressed concern over "the growing governance deficit".

However, Sharma accepted "When it comes to investment and comfort of doing business with India, I think this country needs to do more. ...Delays and red tapes make it difficult even for domestic investors," he said.
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