Bangalore: Criticising the UPA Government for putting on hold all disinvestment decisions and proposals, Infosys chief N R Narayana Murthy said the move would hurt the flow of foreign direct investment in the country.
"I think it (putting on hold disinvestment process) is not a good signal because, as you know, Ratan Tata and the Investment Commission team have said we need large investments in the country and that, a part of it certainly will have to come from outside," Murthy said.
"If that has to come from outside, we have to send signals that will not slow down that investment," said Murthy, who is retiring from Infosys, the company he founded and nurtured for 25 years, on August 20 when he turns 60.
The company on Wednesday had announced that Murthy would serve as the Non-Executive Chairman of the Board and Chief Mentor of Infosys with effect from August 21.
"But actions like saying that we will stop disinvestments etc. they are bound to create confusion in the marketplace," the software icon said. "So, I hope our political leaders understand this and ensure that they do not decelerate the investment."
The Manmohan Singh Government earlier this month decided to keep all disinvestment decisions and proposals on hold, pending further review, following representations from some of the constituents and allies of the UPA about the process of disinvestment in some public sector undertakings and taking into account their concerns.
Comments
0 comment