Investment boom for real: Kanwar

When asked about his views on the prickly issue of corporate governance — the lack of it, actually, in India Inc — Kanwar insists the system works. ‘‘There are enough controls, enough compliances. What’s the problem?’’, he asks. On the role of independent directors, who have been in the spotlight recently in the Reliance imbroglio, Kanwar stresses that they shouldn’t have more than 25 per cent representation on the board.

‘‘Entrepreneurs take risks, create wealth. That said, enforcement is very important.’’

On another prickly issue — job reservations — Kanwar strongly opposed it, pushing for partnerships to improve skill sets. And on Press Note 18, he raised the bar by asking for a five-year cooling period for joint ventures. ‘‘India is a continent, not a country. We need a level-playing field.’’