New Delhi: Indian industry today asked the government to use its diplomatic channel to convince Male government not to terminate the USD 500 million GMRBSE -2.04 % project in the island nation.
"India should activate their diplomatic relation to convince Male Government not to terminate the concession agreement which had been entered into as per the transparent bidding process carried out by IFC Washington for the GMR group and joint venture," Assocham said in a statement.
It said the attitude of Male government, despite the rulings of Singapore High Court, will shake the confidence of the investors and will jeopardise the spirit behind the cooperation of the SAARC nations.
The chamber appealed to the Male government to respect the judgement given by the Singapore Court.
04/12/12 PTI/Economic Times
