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Corporate India defends push for governance

Corporate India took pains to explain on Wednesday that its calls to bridge a governance deficit were part of a healthy dialogue to improve the country’s business environment.

business Updated: Jan 26, 2011 20:39 IST
Dipankar Bhattacharyya

Corporate India took pains to explain on Wednesday that its calls to bridge a governance deficit were part of a healthy dialogue to improve the country’s business environment.

Sunil Bharti Mittal, chairman of Bharti Enterprises and one of the authors of the India Inclusive campaign at the World Economic Forum’s 2011 session, described a recent letter written by a group of corporate bosses to Prime Minister Manmohan Singh on corruption as a welcome step in airing concerns of a well-meaning bunch of citizens.

Speaking specifically on an alleged scandal in the award of spectrum for mobile telephony services, Mittal said that in Kapil Sibal, India had found a capable telecom minister who would set right the policy muddle.

A new telecom policy that was expected to come into play this year should untie some of the knots, he added.

“'The new telecom policy 2011 will give the industry a long runway,” he said.

CII sees a larger role for corporations in better governance. The growth of telecom in India, which covers 700 million people, is in itself a check against government drift, according to CII president Hari Bhartia.

He pointed out that a mobile network of this size was a potent tool that allowed people to share information and views.