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Harry Dhaul, Director General, IPPAI Economic Impact of Judicial Decisions 22 nd November 2014 Indian Habitat Center, New Delhi Harry Dhaul, Director General

Economic Impact of Judicial Decisions By Mr. Harry Dhaul, Director General, IPPAI

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The Independent Power Producers Association of India (IPPAI), in association with knowledge partner Agarwal Law Associates, are organising a conference mapping the “Economic Impact of judicial Decisions”, on 22nd November 2014 at the Theatre Hall, India Habitat Centre, New Delhi. -

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Page 1: Economic Impact of Judicial Decisions By  Mr. Harry Dhaul, Director General, IPPAI

Harry Dhaul, Director General, IPPAI

Economic Impact of Judicial Decisions

22nd November 2014Indian Habitat Center, New Delhi

Harry Dhaul,Director General

Page 2: Economic Impact of Judicial Decisions By  Mr. Harry Dhaul, Director General, IPPAI

Harry Dhaul, Director General, IPPAI

Focus: Real Estate & Infrastructure

Page 3: Economic Impact of Judicial Decisions By  Mr. Harry Dhaul, Director General, IPPAI

Harry Dhaul, Director General, IPPAI

Focus: Telecom

Page 4: Economic Impact of Judicial Decisions By  Mr. Harry Dhaul, Director General, IPPAI

Harry Dhaul, Director General, IPPAI

Focus: Coal

Page 5: Economic Impact of Judicial Decisions By  Mr. Harry Dhaul, Director General, IPPAI

Harry Dhaul, Director General, IPPAI

Focus: Power

Page 6: Economic Impact of Judicial Decisions By  Mr. Harry Dhaul, Director General, IPPAI

Harry Dhaul, Director General, IPPAI

Private: its just about “Profiteering”

Page 7: Economic Impact of Judicial Decisions By  Mr. Harry Dhaul, Director General, IPPAI

Harry Dhaul, Director General, IPPAI

Indian Abandoned

Company: UBS., SwitzerlandSector: Banking & Financial ServicesWhen: June,2013Investment hurt: $.1.9bn.

Regulatory uncertainty & delay in Clearances' is forcing Investors to withdraw from India

Company: 3i UKSector: Infra FundWhen: May,2013Investment hurt: $875 million

Company: Arcelor MittalSector: SteelsWhen: July,2013Investment hurt: Rs.50,000Cr

Company: AES PowerSector: Power SectorWhen: July,2013Investment hurt: $143mn

Company: Royal Bank of ScotlandSector: Banking & Financial ServicesWhen: June,2013Investment hurt: $120Mn

Company: Morgan StanleySector: Investment & Financial ServicesWhen: May,2013Investment hurt: $1 bn

Company: New York Life, USSector: Insurance ServicesWhen: April,2012Investment hurt: Rs.10,540Cr.

Company: Fidelity, USSector: Mutual ServicesWhen: March, 2012Investment hurt: Rs.8,000Cr.

Company: Posco SteelSector: Steels, KRWhen: July,2013Investment hurt: Rs.30,000Cr

Company: AugereWireless, UKSector: TelecomWhen: May,2012Investment hurt: Rs.540Cr.

Page 8: Economic Impact of Judicial Decisions By  Mr. Harry Dhaul, Director General, IPPAI

Harry Dhaul, Director General, IPPAI

If the sovereign makes mistakewhy should Investor suffer

If the sovereign makes mistake sovereign should be penalized not

Business

How do we ensure that investors will now believe in the steps taken

by the sovereign as fool proof/transparent and in future there will not

be any issue with process completed

Does it mean that we need to take advance

ruling from the court to validate the

procedure adopted by sovereign before setting

up a project

Questions unanswered

Page 9: Economic Impact of Judicial Decisions By  Mr. Harry Dhaul, Director General, IPPAI

Harry Dhaul, Director General, IPPAI

Let the deliberation begins……..