Move fast on decisions: Mukesh Ambani to Govt

Lauding the private sector's role indriving India's economic growth, India's top industrialist Mukesh Ambani on Sundayurged the government to move faster in its decision making and put to rest anynotion about policy paralysis due to political constraints.

He also called for a dramatic shift in the governance modelfor better partnership between the government and the private sector indelivering more value to each other, and the society at large.

Speaking at the opening session of the annual Indian Chapterof the World Economic Forum (WEF ), Ambani said the corporate sector wants boththe central and state governments to "align and move a lot faster",remove the mismatch prevailing in their approaches, and speed up the decisionmaking process.

He said the private industry has now become a driver, from afacilitator, of India's economic growth.

"I think there is a mismatch. We are both heading tothe same direction and sometimes, like you have seen in the US and Europe,that's the price of democracy, but we shouldn't put a thing by saying thatbecause the institutions of democracy are there, we will be paralysed.

"And because there is an opposition and a party inpower, we would do nothing. That's what worries me," he said, while urgingfor a minimum agreement to deliver on the expectations of the people.

Ambani, head of India's largest corporate entity RelianceIndustries and the country's richest person, also acknowledged that thegovernment was taking steps in that direction.

Paralysis in policy decisions and government inaction onimportant economic issues has been a matter of debate in the recent past, withmany industry leaders seeking urgent steps from policy-makers to tackle theproblem.