Reforms in the legal and regulatory front are a matter of concern, says Anil Ambani

With over Rs 60,000 receivables stuck in regulatory and arbitration matters, Reliance Infrastructure’s Chairman Anil Ambani, on Monday, said that the Government should resolve this issue to kick-start investment.

“Resolving this gridlock should be the next focus of the government. This will dramatically improve large-scale investment and will have a huge multiplier effect on investment and growth,” Ambani said while addressing shareholders of Reliance Infrastructure.

“The government has increasingly focused on the ‘ease of doing business’ and India’s rank has consistently improved during the last five years. However, reforms in the legal and regulatory front are still a matter of concern, where timelines of awards and certainty of resolution and arbitration awards are a matter of great concern for investors both domestic and global,” he added.