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This is an archive article published on May 29, 2009

Kamal Nath looks to overhaul ‘old regulatory framework’

India needs to rework its regulatory policy framework for road infrastructure,the new transport minister Kamal Nath said.

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India needs to rework its regulatory policy framework for road infrastructure,the new transport minister said on Friday,as the government looks at the sector to boost growth in a flagging economy.

“Old regulatory framework needs to be looked in a new way,” Transport Minister Kamal Nath told a news conference.

India’s economy slowed to a six-year low of 6.7 percent in the year to March 2009,and many expect it to slow further to 6 percent in the current fiscal year,compared with 9 percent or more in the recent past.

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