Arthur Cohen in Law360: As India Projects Boom, Worries Keep Out Foreign Players
Despite India's growing need for power and its ambitious project development plans, international developers and lending organizations have yet to dive deeply into the country's energy sector, finding that they are often stymied by a tangle of bureaucracy and regulations, attorneys say...
While some foreign financing sources like the Export-Import Bank have made inroads in the country, it remains to be seen whether India will be able to make the type of changes that would encourage others to follow, attorneys say.
"The opportunities are huge," Arthur Cohen of Haynes and Boone LLP said. "The needs for power and infrastructure are great, but I do think it's a challenging environment."
Excerpt from Law360, Feb. 6, 2012. To view the full article, click here (subscription required).