The Enron imbroglio

Sir, - Your Editorial `Muddying the quagmire' on the Enron imbroglio (Sept. 27) brings to light the political mud-raking that takes place over serious developmental projects. The controversy poses hurdles in projecting India as a potential destination for foreign investment.

The Centre as well as Maharashtra cannot renege on their responsibility to provide a conducive environment for direct investment, especially in the infrastructure sector.

What is needed now is a strong will on the part of the Governments to clear the muddle through an amicable settlement, rather than resorting to the usual delaying tactics such as a judicial probe.

Further, the Government and the bureaucracy should take special care while signing contracts with multinational corporations.

Moreover, care must be taken that this issue does not further affect the prospects of India getting its due share of global investment.

Jayakesh B.S.,

New Delhi

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