ET Awards' Agenda For Renewal 2011: Take fast decisions to restore investor confidence and improve growth environment

A policy paralysis at the centre, controversy over several past decisions on national resources, lack of clarity in many areas are all causing frustration among domestic and foreign investors. For example, global mining majors Rio Tinto and BHP Billiton mine in the remotest part of Africa, Russia, China but not in India.

Companies without money or technology are using political contacts to get mining licenses, but global firms with both are not here. At the same time, there is controversy about national resources -- e-auctions for all government resources are the way forward. Everything needs to be made transparent and foolproof. This has been done in some cases, the latter rounds of spectrum auction, for example. Learning from such cases needs to be applied in all areas to inspire investor confidence.

Follow the campaign around the Agenda For Renewal at http://www.afr.economictimes.com