Speaking to CNBC-TV18 Deepak Parekh, Chairman of HDFC, said that the recent Cabinet move is an excellent one. “All contracting companies from L&T onwards are overburdened because of arbitration process. Every project goes into arbitration and after that it goes into court. Arbitration takes a long time,†he said.
first published: Sep 3, 2016 03:56 pm
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