In a candid interview with CNBC-TV18's Kritika Saxena at the sidelines of the VC Circle India Limited Partners Summit 2014, Shankar Narayan, MD, Carlyle and Sanjay Kukreja, MD of Chrys Capital both seemed to agree that 2014 will be a good year and that elections will not play a role in their investments.
The fertilizer industry is pleased with the government’s decision to hike fertiliser subsidy. Shankar Narayan, Chairman and Managing Director of FACT, speaking exclusively to CNBC-TV18 says that the hike is going to help in improving the operating margins of the company, although he believes it will not affect the international prices.
In an exclusive interview with CNBC-TV18, Shankar Narayan, CMD, FACT expects a 17-18% reduction on subsidies. He added that unless the government reduced its subsidy, he would be forced to increase prices.
In an interview with CNBC-TV18, Tarun Surana, Research Analyst at Sunidhi Securities & Finance Limited and Shankar Narayan, CMD of Fertiliser & Chemicals Travancore gave their perspectives on the possible outcome of the GoM's meeting to decontrol urea and the way forward for the fertiliser industry.