Mukesh Ambani wants govt as umpire, not involved party

Pitching for integration of fuel prices in India with the world markets, industrialist Mukesh Ambani has suggested the government should act like an umpire rather than getting itself involved in the business.

"As we go ahead, the government has to be more of an umpire or the tournament organiser as opposed to getting involved in the game," Ambani said, while speaking about necessary policy changes in the energy space.

"We need disruptive policies, which will help India leapfrog and realise the growth potential-speedily and sustainably," he said in an interview to global investment banking major Morgan Stanley.

Without specifically mentioning the policies that cap fuel prices at low levels, he strongly pitched for removal of "artificial and unjustifiable"  differentials in prices. "World gas markets should be integrated with the Indian gas markets. Artificial and unjustifiable price differentials should go since they distort the energy economy and deter fresh investments," he noted.

Ambani, who heads the country's leading corporate house Reliance Industries group whose main business interest is in energy space, said that "India