Fuel price control: Mukesh Ambani wants govt as umpire

PRESS TRUST OF INDIA

New Delhi, June 14: Pitching for integration of fuel prices in India with the world markets, industrialist Mukesh Ambani has suggested the government should act like an 'umpire' rather than getting itself involved in the business.
 "As we go ahead, the government has to be more of an umpire or the tournament organiser as opposed to getting involved in the game," Ambani said, while speaking about necessary policy changes in the energy space.
 "We need disruptive policies, which will help India leapfrog and realise the growth potential -- speedily and sustainably," he said in an interview to global investment banking major Morgan Stanley.
 Without specifically mentioning the policies that cap fuel prices at low levels, he strongly pitched for removal of "artificial and unjustifiable" differentials in prices.
 "World gas markets should be integrated with the Indian gas markets," he added.

Lastupdate on : Tue, 14 Jun 2011 21:30:00 Makkah time
Lastupdate on : Tue, 14 Jun 2011 18:30:00 GMT
Lastupdate on : Wed, 15 Jun 2011 00:00:00 IST



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