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Investors hope for reform: following the triumph of the Congress Party in the spring general elections, regulatory and legislative changes are poised to revitalize the private equity industry.

Publication: European Venture Capital Journal
Publication Date: 01-SEP-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Investors hope for reform: following the triumph of the Congress Party in the spring general elections, regulatory and legislative changes are poised to revitalize the private equity industry.(FEATURE: INDIA)

Article Excerpt
The impressive victory by the Indian National Congress Party in the April-May elections has been welcomed by private equity players, as it establishes a stable government that has the opportunity to push through reforms.

The Congress Party, under Manmohan Singh, won a convincing victory, and means it should be able to govern in a cohesive way without needing the support of coalition parties on the left, which had made its previous administration difficult. The day after the election result the stock market rocketed by 17%.

"Expectations of the new government are high because the new government will not need to win over coalition partners," says Kotak Private Equity Group CEO Nitin Deshmukh. He adds that he hopes one of the...



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