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Wednesday, Jul 24, 2002

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Losing power investors

The US power utility Public Service Enterprise Group (PSEG) has decided to quit the power business in India.

Analysing the reasons, the editorial `Another power investor lost' (Business Line, July 22) has pointed out the necessity for the political leadership and the official machinery to act in tandem if the complementary role of the private sector is to succeed, not only in the power sector, but also in other infrastructure development areas.

And this is applicable to foreign as well as domestic investors. Building up credibility is important. Will competitive populism and opportunism of political parties end?

And why not try to revamp the administrative structure also? It could start with reforming the IAS cadre.

A. Jacob Sahayam

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