Source: Business Wire
Thursday, September 10, 2009 12:48 PM IST (07:18 AM GMT)
Editors: General: Economy, People; Business: Business services, Chemicals, Energy companies, Financial Analyst, Media & entertainment
(BW)(ENERGY-TRIBUNE-URGES)New Study Urges India to Follow Rule of Law, Markets
Energy Tribune editor-in-chief warns that Ambani Brother Dispute Threatens India's Economic Recovery, Domestic Energy Security
Houston, United States, Thursday, September 10, 2009 -- (Business Wire India) --
In light of the continuing dispute between India's Ambani brothers over natural gas rights, Energy Tribune editor-in-chief Dr. Michael J. Economides released a new report: "Navigating the Ambani Dispute: Securing India's Energy Future." The white paper makes the case that the Indian government needs to ensure a price that accounts for the true cost of production and development prevails, enabling the country's growing energy market to attract investors and develop over the long-term.
Not only does this family quarrel hurt India's reputation as a lucrative and trusted place to conduct business; but it also prevents millions from rising out of poverty.
"As other economies around the world start to regain their confidence in global markets, investors are again beginning to look for new places to build companies, create jobs and facilitate new social development," Economides states. "Yet, the current Ambani brother dispute seriously hurts investors' confidence in India, and that spells danger for future generations in India who will need a greatly-expanded energy supply to power their dynamic economy.
"This legal battle continues to lock up abundant and affordable energy, while 400 million Indians remain without what is considered a basic necessity in most developed countries - electricity.
"The history of successful developing nations suggests that a strong government hand in setting clear rules for the market is critical to long-term economic development. Effective governance requires that private actors not be permitted to undermine the integrity of sensible law. As such, the Indian government should use this opportunity to step in and ensure a smoothly functioning marketplace."
TO SCHEDULE AN INTERVIEW WITH MICHAEL ECONOMIDES PLEASE CONTACT:
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Dr. Michael J. Economides is among America's leading energy analysts. A consultant, educator, and PhD petroleum engineer, Economides has done technical and managerial work in more than 70 countries. A professor at the Cullen College of Engineering, University of Houston, Dr. Economides has written or co-written about 200 articles and peer-reviewed papers and 11 textbooks. He also appears regularly on national television and radio programs.
ECONOMY, PEOPLE, BUSINESS SERVICES, CHEMICALS, ENERGY, Financial Analyst, MEDIA
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