A worker prepares reinforcing steel at the Barapullah Elevated Corridor, in New Delhi, on May 11, 2020. (Photographer: T. Narayan/Bloomberg)
India has plans for big investments in infrastructure. To implement these successfully, it needs to make investing easier. One route to such investment is acquisitions but equity lock-in provisions in bidding conditions or contracts with the government hinder M&A activity. There is little logic for these provisions and they should be removed from government bids and contracts.