Sunil Mittal, the chairman and group CEO of Bharti Enterprises, stressed at the World Economic Forum on India that the reserve price set by the government for the 2G spectrum auction was very high and if the poor response to the auction was hogging the limelight, this was the reason.
The response of most telecom players to the ongoing auction has been subdued and the government is slated to garner substantially lower revenue from the spectrum auction this year than the targeted Rs 40,000 crore (Rs 400 billion).
There is unanimity among the industry and experts that the reserve price has been kept at a high level.
Mittal said, "We are supporters of the auction but the reserve price has to be balanced."
While speaking at the WEF session, 'Indian to Indian - Solutions to Transform India', he categorically stated, "have an open and transparent system for auction, but don't set the reserve price too high."
Taking part in the discussion, the Minister of State for Power (with independent charge), Jyotiraditya Madhavrao Scindia, pointed out that there was a vociferous debate on the spectrum auction today and a balance to the whole process would come with straight and clear-cut thinking.
Member of Parliament N K Singh agreed that any effort to balance the needs of industry and the government should keep the larger public good at the core.
"The theme must be congruity and balance for public good. Government needs to take the lead and each segment needs to take responsibility for its own sphere," Singh said, laying down the rules of the game.
From spectrum auction, the discussion then took a turn to the predominant topic of public discourse in the country currently - industry, politicians, civil society and media - everyone needs self-assessment in the light of all-round negativism.
Scindia began by stressing that the need was to focus on the positive aspects in all the segments, rather than harping only on the negative aspects.
Mittal, in conformity with Scindia, said, "there is far too much negativity", adding that India was successful because of a collection of small successes and these should be highlighted.
Singh said that everybody was under watch, adding that civil society was also being monitored.
With a consensus on the need for a shift from negativism to positivity, interesting propositions were thrown up on the issue of who should
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