‘Positive measures taken to improve bidding process'
If you found the going slow on the roads front in 2009, and wondered why, Mr Rajesh Samson, Partner-IRG (Infrastructure, Real Estate & Government), Ernst & Young, offers a few reasons.
The year 2009 began in the backdrop of the global economic slowdown, he reminisces, during the course of a recent e-mail interaction with Business Line. “Capital markets were trading at all-time lows, and avenues to raise equity were severely constrained. Further, with elections slated for May, developers were also waiting for clarity on the political front,” Mr Samson narrates.