India: India can become the world’s export hub, says Alain Spohr, Managing Director of Alstom India
If a well-designed incentive program is provided, it could be a huge boost for India, he said, adding that some sort of financial subsidy or incentive could spur companies to bring in money. big investments in the country.
“There needs to be more emphasis on faster project execution, dispute resolution, interaction between customers and suppliers. I didn’t see a lot of attention on these aspects as part of the ease of doing business. The problem is not to come to India, but to stay in India, ”Spohr said.
There needs to be more balance in the terms and conditions governing contracts, he said.
“Dispute resolution, cash flow neutrality, protection against abusive termination of contracts should be integrated into today’s contracts, because these elements are important for companies wishing to invest,” he said. said while acknowledging that the ease of doing business is significantly better in the country today than it was 10-15 years ago.
There is a clear direction and things are moving in the right direction, he said. Subsidies or some financial incentives could spur companies to make big investments in India, he said.
Alstom, he said, was going to start talks with Indian Railways over light cars and was seeking clarification on the tramrail used in Europe.
“We will start talking about this with Indian Railways. It could be part of the tools Indian Railways use to improve the passenger service experience,” Sophr said, adding that the company had the capacity to build special trains and would be interested in co-production with the national transporter.
He said the company that traditionally had 72-75% localization was at 85% for most projects here.
This, he said, happened while the company was working under the government’s Make in India policy.