Executive action must in infra projects: Premji | SupportBiz

In Brief

Executive action must in infra projects: Premji

Indian IT czar Azim Premji Friday expressed hope that the executive (government) would act on infrastructure projects to kick-start the economy.

"We need executive actios on infrastructure projects, which are the most important priority at the moment to kick-start the economy," Premji told reporters in Bangalore.

On budget expectations, the Wipro chairman said though he was not looking forward for anything specific, he hoped initiatives being taken on large infrastructure projects would lead to their early execution.

"There is an urgent need to facilitate coal linkages to power stations so that about 2,200 MW of energy lying idle can be generated and switched on. If coal supplies re-start, they can ease the power shortage," Premji asserted.

Lauding Finance Minister P. Chidambaram for taking a lot of interim steps such as deferment of GAAR (General Anti-Avoidance Rules) and partial deregulation of diesel, Premji said more such steps were expected in the run-up to the budget Feb 28.

"We welcome the policy changes announced by the government, including the deferment of GAAR and clarifications on income tax, which are pro-industry and investors," he added.