India has leapfrogged in the ease of doing business. We have seen steady improvement in its global rankings. The progress is primarily the result of the Government’s reform initiatives through regulatory simplifications, improving transparency, and fostering investor-friendly policies. These reforms have specifically bolstered India’s infrastructure development through reliable connectivity of roads across the country, last-mile connectivity of electricity connections and access to air travel through UDAN, to name a few. In the infrastructure space, the contracts are executed with the government/government entities. For the effective delivery of public services, government contracts are essential to ensure transparency and public interest. This finds its basis under Articles 298 and 299 of the Constitution of India. While these contracts pose a robust transactional framework, contracting with the Government involves navigation through multiple entities like central ministries, state utilities and local authorities, which operate with their own diverse procedures.
The article, authored by Poonam Verma Sengupta, Partner, was published in Energetica India Magazine (Print).
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Poonam has been actively involved in the disputes and corporate practice of the firm with primary focus in the Energy and Transportation Sector. For around two decades with the firm, Poonam has specialized in Power and Aviation Sectors.