This refers to the report "Larsen &Toubro net profit declines 6.9% in the March quarter" (May 24). Despite being the largest engineering company operating in the infrastructure sector, with a strong balance sheet and excellent leadership and strategy, L&T is facing problems completing projects, leave aside the smaller companies in this sector that face many more problems. Bottlenecks, redtapism, delays in granting clearances and licences to infrastructure companies - all these can be controlled. But the government seems to be only interested in announcing the Plan ($1 trillion investment by 2017) for infrastructure development rather than actually doing what is required at the practical level. Until these problems are solved, no Plan allocation will be effective. Eventually, it will result in companies turning away permanently from infrastructure projects.
Anand Wadadekar, Pune
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