Pitching for integration of fuel prices in India with the world markets, Reliance Industries chief Mukesh Ambani has suggested that the government should act like an 'umpire' rather than get 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 policy changes needed in energy.
"We need policies that will help India leapfrog and realise the growth potential - speedily and sustainably," he said in an interview to global investment banker Morgan Stanley.
Pitching for removal of "artificial and unjustifiable" differentials in prices, he noted that "World gas markets should be integrated with the Indian gas markets. Artificial and unjustifiable price differentials should go, since they distort the energy economy and deter fresh investments."