NEW DELHI 07/NOV/2014 : Mahindra group chairman and co-chair of the WEF\'s India Economic Summit Anand Mahindra said that the biggest question among investors enthused by the Modi administration\'s first five months in power is whether it can implement its business-friendly agenda.\"Everyone believes that this is a ship that is stable, not facing storms or in any imminent danger of keeling over. Everybody is waiting for evidence of wind in our sails,\" he said at the summit\'s closing plenary. Mahindra said that the government had quelled the curiosity of investors about its reform roadmap to some extent, but some concerns remain. \"The most common question is will these (plans) really take off under this government. My answer is, at a personal level, I have experienced the expediting of things that have been stalled. Paralysis is not an adjective you can apply to the government of India anymore,\" said the chief of the $16.5 billion conglomerate.
Mahindra said that he had flagged this refrain of half disbelief he heard at the summit with environment minister Prakash Javadekar on Wednesday, who gave him more evidence of tangible action. \"The minister gave me a whole list of cases in which clearances have been given to stalled projects without violating environmental standards. It was simply the will to clear files that were stuck,\" he said.
\"We cannot recall the last time a PM said that business is in his blood. That\'s a remarkable statement of intent and possibly a risky politically loaded statement,\" Mahindra said, adding that the ministers who attended the summit have shown that the government is ready to listen and learn. The dominant motivation for investors to come to the Summit was the \"enormous curiousity about who is Mr Modi, what is his gameplan, who is this leader who has come with a loud noise and big bang on to the world stage\", the summit co-chair said, adding that the government came across with a new energy and new business-friendly agenda that was sensed by most investors present at the summit.