Govt Convinces All 47 IPPs to Sign Master Agreements

[Patriot forever]

Incompetence

Moving fast is also important

Time itself is money

Major investors are awaiting power problem resolution as it is one of the most risky area

The least we can do is offer forward guidance regarding tariff. This imf saga and power tariff adjustment is costing us.
The problem which I think is holding government back is there is no road map yet for IPP's under 2015 policy. Everything else is being worked on (not the speed we were hoping for but moving the right direction).

On the other hand there is ongoing progress on ground, for example just in the last 6 months multiple CKD assembly plants are being setup in auto sector ( Changan, MG, Proton, KIA, Hyundai). Steel sector ( Recent chinese investment where machinery just arrived last week, cold rolled steel plant by local investment), Considerable cement expansion, mobile assembly etc. Service tires ran a successful IPO for it's export oriented entry in tire sector.

The sooner we take care of power sector the better. This is the last thing holding manufacturing back, we have successfully gone through the stabilization phase and restored competitiveness in our local market. Liquidity issues for local industries, businesses is also being paid attention to.

We need to take out the uncertainty factor, this is hurting us the most.