Modi Government Is Pro-Business, Outlook In The Country Has Changed- Vodafone CEO


NEW DELHI: UK-based Vodafone Group expressed the hope that the new government would set in reforms that would help improve the ease of doing business in India and does not rule out finding a solution to the Rs 11,200 crore tax dispute outside arbitration. On a short visit to India, Vodafone Group CEO Vittorio Colao told the media that the outlook in the country has changed after the elections and he felt the Modi Government was pro-business.

Though the Group was not obsessed in buying companies in India, it was keeping its mind open on the issue and also on mergers and acquisitions. Still he would describe the scene about the upcoming spectrum auction as one that creates uncertainties. "I think the mood of investors with the new government of India is positive because the intentions are good. My recommendation is make sure that political intentions (are) translated into administrative acts," he said.

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Source: IANS