Moily blames bad governance for failing health of Kingfisher

I want that company (Kingfisher) to survive….The government is always there but the major initiative should come from the person who has to provide that kind of atmosphere, he said.

Moily was speaking at a corporate and investors meet organised by the Indian Merchants Chambers in Mumbai.

The corporate affairs minister on Tuesday said,As a corporate affairs minister,we want corporate bodies to build and come up and not wound up… Something has to be done. He (Mallya) has to work out a strategy… The entrepreneur has to take proactive measures so that is acceptable to banks and others.