The government needs to share risk with private companies it partners with "and not just talk about what can be done" in a project, Larsen & Toubro chief financial officer R Shankar Raman said on Wednesday. He also called out regulatory overreach and over regulation as one of the biggest risks when it comes to India, saying that such a posturing destabilises growth. The belief that private capital can court larger risk is "misplaced" and there has to be an "optimal risk share" between the government and the private partner in a project, Raman said. "partnership in its true sense means holding hands and not just leading the horse to the pond and watching the fun," Raman said, speaking at the annual SBI Conclave here. The bureaucracy and thought leaders in the government need to "evolve" to understand the risk aspect, "and not just talk about what can be done", Raman said, urging the government to play an enabling role. Asserting that he is "intimately" connected with projects and .
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