economic impact of judicial decisions by mr. harry dhaul, director general, ippai
DESCRIPTION
The Independent Power Producers Association of India (IPPAI), in association with knowledge partner Agarwal Law Associates, are organising a conference mapping the “Economic Impact of judicial Decisions”, on 22nd November 2014 at the Theatre Hall, India Habitat Centre, New Delhi. -TRANSCRIPT
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Harry Dhaul, Director General, IPPAI
Economic Impact of Judicial Decisions
22nd November 2014Indian Habitat Center, New Delhi
Harry Dhaul,Director General
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Harry Dhaul, Director General, IPPAI
Focus: Real Estate & Infrastructure
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Harry Dhaul, Director General, IPPAI
Focus: Telecom
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Harry Dhaul, Director General, IPPAI
Focus: Coal
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Harry Dhaul, Director General, IPPAI
Focus: Power
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Harry Dhaul, Director General, IPPAI
Private: its just about “Profiteering”
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Harry Dhaul, Director General, IPPAI
Indian Abandoned
Company: UBS., SwitzerlandSector: Banking & Financial ServicesWhen: June,2013Investment hurt: $.1.9bn.
Regulatory uncertainty & delay in Clearances' is forcing Investors to withdraw from India
Company: 3i UKSector: Infra FundWhen: May,2013Investment hurt: $875 million
Company: Arcelor MittalSector: SteelsWhen: July,2013Investment hurt: Rs.50,000Cr
Company: AES PowerSector: Power SectorWhen: July,2013Investment hurt: $143mn
Company: Royal Bank of ScotlandSector: Banking & Financial ServicesWhen: June,2013Investment hurt: $120Mn
Company: Morgan StanleySector: Investment & Financial ServicesWhen: May,2013Investment hurt: $1 bn
Company: New York Life, USSector: Insurance ServicesWhen: April,2012Investment hurt: Rs.10,540Cr.
Company: Fidelity, USSector: Mutual ServicesWhen: March, 2012Investment hurt: Rs.8,000Cr.
Company: Posco SteelSector: Steels, KRWhen: July,2013Investment hurt: Rs.30,000Cr
Company: AugereWireless, UKSector: TelecomWhen: May,2012Investment hurt: Rs.540Cr.
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Harry Dhaul, Director General, IPPAI
If the sovereign makes mistakewhy should Investor suffer
If the sovereign makes mistake sovereign should be penalized not
Business
How do we ensure that investors will now believe in the steps taken
by the sovereign as fool proof/transparent and in future there will not
be any issue with process completed
Does it mean that we need to take advance
ruling from the court to validate the
procedure adopted by sovereign before setting
up a project
Questions unanswered
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Harry Dhaul, Director General, IPPAI
Let the deliberation begins……..