Mr. K.K. Maheshwari

Regulatory environment has been the biggest challenge in the Indian context for the project owners as well as the EPC contractors since lot of approvals come through at different stages. Delays in approvals, results in cost overruns and consequent disputes that causes lot of misery all the players whether they are from public or private sector. In India, the dispute resolution mechanism is fairly slow as it may take years before all the problems get resolved even if these are in the best interest of the parties.