Arvind Mayaram, PhD, IAS(R) – Chairman, CUTS Institute for Regulation & Competition(CIRC)

Arvind Mayaram has a PhD in Finance. Presently he is an independent thinker and Chairman, CUTS Institute for Regulation & Competition. He has earlier held the positions of Finance Secretary and Special Secretary in Ministry of Rural Development, Government of India. He has also been the Alternate Governor for India on the Boards of World Bank, ADB and African Development Bank. He was India’s finance deputy in G20 and BRICS. He was also on the Boards of the Reserve Bank of India and the Securities Exchanges Board of India. He was India’s chief negotiator for BRICS New Development Bank and Asian Infrastructure Development Bank, and co-chair of the Framework Working Group of G-20. He spearheaded the establishment of the framework for mainstreaming Public Private Partnership in India and designed the first PPP module for delivering infrastructure in the rural areas. He was Vice President of the World Association of Investment Promotion Agencies (WAIPA), formed under the aegis of UNCtAD, UNIDO, FIAS and MIGA for two terms in early 2000. He has been an investment promotion expert with the UNCTAD for several years and his expertise in the area of PPPs is internationally acknowledged. Read More


Sharmila Chavaly – Advisor, (NISG) & Advisor, Climate Policy Initiative (India chapter).

Sharmila Chavaly holds a Masters degree from the Jawaharlal Nehru University and a Financial Planning and Programming certificate of the International Monetary Fund.
She has served in the Ministries of Railways and Finance in the Government of India, including as Director (ADB) and Joint Secretary (Infrastructure) at the Department of Economic Affairs, Executive Director (PPP and Procurement) at the Railway Board and Principal Financial Advisor, Northern Railway.
Her areas of work covered Public Private Partnerships, Infrastructure policy, Financing of Infrastructure & Project Finance, Sustainable Finance, Budget and Financial Planning, Foreign Exchange management, Public Procurement, Bilateral/Multilateral negotiations, setting up of the Infrastructure Investment Trusts and the revamped Real Estate Investment Trusts (InvITs and REITs), Municipal Bonds, Infrastructure Credit Rating Scale and the Credit Enhancement Fund, among others.
She has served as Director on the Boards of the OVL, IIFCL and IRFC. She was the Indian representative of the Infrastructure Working Group of the G-20, the India-UK Financial Dialogue, the India-China Financial Dialogue and the India-US Task Force on combating the financing of terror and was tasked with processing India’s membership process of the Financial Action Task Force (FATF). She was a member of the inter-ministerial Expert Group on Telecom and Member Secretary of the Committee for Revitalising PPPs chaired by Dr. V. Kelkar.
She is currently Advisor, National Institute of Smart Government (NISG) and Advisor, Climate Policy Initiative (India chapter).
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Amit Kapur – Partner J. Sagar Associates, New Delhi

Education: LL B 1988 Delhi University
B Com (Hons.) 1985 Delhi University

Amit Kapur is a Partner with J. Sagar Associates since 2000. He has anchored the Firm’s Infrastructure practice since 1997 with focus on infrastructure sectors. Having served as Senior Partner of JSA since 01.04.2017, on 01.01.2019 Amit assumed office as the Joint Managing Partner of the Firm.
His practice focusses on dispute resolution, public procurement, PPP and transactions in Energy (Power, Hydrocarbons, natural resources); Transport (Rail, Highways and Civil Aviation); Communications; Municipal Infrastructure and Social / Developmental projects.
He is regularly consulted on Infrastructure, Regulatory and PPP issues by several ministries / bodies of Central and State Governments; Developmental Financial Institutions (the World Bank, PPIAF, WSP-SA, ADB); Competition & Sector regulators and leading Indian and foreign Corporates (like the Tata Group, Adani Group, GVK Group, GMR Group, Vedanta Group, Larsen & Toubro, Reliance ADA Group, Torrent). In recent past, he actively assisted the Kelkar Committee on Rejuvenation of Infrastructure Development (2015); He served as a member of Ministry of Law appointed committee to review the Specific Relief Act, 1963 which led to an amendment to the law in October 2018.

Amit has been associated with several precedents setting Infrastructure and PPP projects like Delhi electricity privatization; Metro Rail projects in Mumbai & Delhi; the first 3 ultra-mega power projects (each involving over US$ 3.5 billion); pilot projects for social/developmental Infrastructure, including-
– Advising on constitutional, legal, policy and regulatory issues; drafting laws, delegated legislation, policies, regulatory instruments, and reform/restructuring strategies.
– Transactions: Mergers & Acquisitions, investments, commercial arrangements and financing.
– Evolving frameworks, regulatory regime & policies to facilitate Public-Private-Partnerships and functioning of regulated utilities.
– Anchoring as counsel complex, precedent-setting commercial and regulatory matters before the Supreme Court, High Courts, Appellate Tribunals, Regulators (in Competition, Power, Hydrocarbons, Airports) and Arbitral Tribunals (particularly construction and project implementation disputes).

He has structured and conducted capacity building programs for Competition Commission of India; Ministry of Finance (for PPP); Electricity Regulatory Commissions in SAFIR; visiting faculty for Executive Education programs for National Law School of India University (Bangalore), IIM – Bangalore and SAFIR. Memberships
♦ Supreme Court Bar Association
♦ Delhi High Court Bar Association
♦ International Bar Association
♦ American Bar Association
♦ Bar Council of Delhi
♦ Vice President-Energy Bar

Recent Publications
♦ Unpublished Chapter titled “Indian Regulatory State” in a forthcoming book being published by Bloomsbury Publishing Plc in 2019.
♦ Infrastructure Finance & Emerging Jurisprudence published in IDFC Law Reporter (9th Edition – 2017).
♦ The choice between the devil and the deep sea: Sanctity of contract or regulatory independence – published in ET Energy World on November 07, 2017.
♦ Economic Governance and the Wheels of Justice – published in the annual magazine of the Indian Advocate, 2015.
♦ Challenges of Financing Infrastructure in India – presented at India Policy Forum’s conference, July 2015
♦ Plugging the Gaps: Need to revisit the Electricity Act, 2003 – published in Power Line Magazine, December 2014.
♦ Grid Collapse of July 2012: Challenges of an Evolving Indian National Grid – published in the IBA Journal of Energy & National Resources Law, Vol. 31, No.1, 2013.
♦ Unshackling the market potential of the Power Sector: India – A Case Study, published in Private Equity Journal for India (Energy Sector), April 2007.
* He is also the member of Governing Council, CIRC.
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Navaid Khan – Chairman, Grid Infocom

A highly respected and well connected management professional with over 45 years of operational and leadership experience, a thought leader in the corporate world, with a solid track record of
· building successful businesses organisations
· transitioning family businesses to professional management, a turnaround specialist.
· grooming next generation of business leaders

Initially gained comprehensive FMCG background – rich experience from managing regional operations to heading overall national operations, with emphasis on customer facing activities, in leading organizations like Geep (now Gillette) and Lakme (now Unilever India).

Since inception of cellular telecommunication business in India, have been engaged with leading organizations like Sterling(Swisscom), Hexacom, Bharti (Airtel) and Spice Telecom, successfully establishing cellular services in various regions in the country. In Bharti after handling operations as C.E.O. and exhibiting significant competencies in the area of corporate affairs was moved to handle the vital role of Chief of External Relations, directly reporting to Chairman, Sunil Bharti Mittal. In the year 2011 was appointed the Chief of Business Development in Metro Cash & Carry and helped establish expansion of Indian operations for the company. In the recent past have been Executive Director, Asia Pacific region at Frost and Sullivan, President at Sharda University, Chief Advisor to Newgen Software Technologies, Advisor to ETA Ascon-Star Group Dubai, Advisor to Cellular Operators Association of India and Tower and Infrastructure Providers Association.


♦ Independent Director of National Waqf Development Corporation Ltd. under the aegis of Ministry of Minority Affairs, Government of India.
♦ Member of the governing council of Maulana Azad National Academy for Skills, aimed at providing an all India level training to the minority population for skills.
♦ Member Coordination Committee of National Rural Livelihoods Mission (Govt. of India). The objective of the Mission is to reduce poverty among rural BPL and increase the income on sustainable basis.
♦ Expert Committee Member, Rajasthan E-Governance Council. The Chief Minister is the Chairman of this council.
♦ Telecom Advisory Board Member, Power Grid Corporation of India.
♦ CII, FICCI, ASSOCHAM and All India Management Association: actively associated with these institutions and had been the Chairman and member of many high powered committees of various industry forums. Had been for 3 years, Chairman of Rural Development Council of Assocham.
♦ Member of board of Directors / Governors of various other organizations:
-Chairman, Grid Infocom Pvt. Ltd. ( ♦ B.E (Hons) in Engineering, BITS, PILANI; enjoy golf, travel, and reading.

* He is also the member of Governing Council , CIRC.
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Sanjeev S. Ahluwalia – Advisor, Observer Research Foundation

Sanjeev S. Ahluwalia is Advisor, Observer Research Foundation. He remains affiliated with The Energy Research Institute (TERI), New Delhi, where he worked for three years and the CUTS Centre for Infrastructure Regulation and Competition (CIRC), New Delhi in an honorary capacity. His core skills are in in economic regulation; institutional development; political economy analysis; public sector financial management; performance management and governance backed by experience as a Senior Specialist with the Africa Poverty Reduction and Economic Management network of the World Bank for over seven years in East Africa and extensive experience at senior levels in the Ministry of Finance and the Ministry of Commerce in the Government of India and in Finance and Industry in the Government of Uttar Pradesh. He has a Masters in Economic Policy Management from Columbia University, New York; a post graduate Diploma in Financial Management from the Faculty of Management Studies, Delhi University and a Masters in History from St. Stephens College, Delhi. He hosts a blog: Opinion India ( which is also available at Times of India Blogs and writes for the Asian Age; and (Washington DC).Read More


Payal Malik – Senior Advisor/Economist Competition Law , Policy and Regulation

Payal Malik is Adviser, Economics and Head of the Economics Division (Chief Economist) at the Competition Commission of India. She is on secondment from the University of Delhi, where she is an Associate Professor of Economics. Formerly she was a Senior Research Fellow LIRNEasia. Her areas of expertise are competition law, policy and regulation. She has several years of research and economic consulting experience in network Industries such as power and telecommunication, ICTs, Innovation systems, and Infrastructure.
Previously she has been a senior consultant at the Center for Infrastructure and Regulation, National Council of Applied Economic Research (NCAER), India. At NCAER she has been a lead researcher on various infrastructure development projects including Telecom, Electricity, Highways, and Water and Sanitation. She was on the team that drafted the Electricity Act of India ushering competition into the sector.
Her research and professional collaborations have been with NCAER, Delhi, OECD, Orbicom, IDEI, University of Toulouse, University Of Québec at Montreal, CEPR, JRC, European Commission, IPTS Seville, ICEGEC, Hungary, Department of Information Technology, TRAI, Ministry of Power, Ministry of Information and Broadcasting, Planning Commission of India, CSO, India, WSP-SA, World Bank and AFD, Paris.
She has written both for professional journals as well as for the economic press. She is also a referee for many International telecommunications journals. She is also a board member of CPRsouth, a capacity building think tank that mentors young scholars in the area of communications policy research and has also represented CPRsouth at EuroCPR. She is also a member of the Governing Council of the CUTS Institute for Regulation and Competition.
She has a BA (Hons.) in Economics from Lady Shri Ram College, University of Delhi and an MA and MPhil in Economics from the Delhi School of Economics. She also has an MBA in finance from University of Cincinnati, Ohio.
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Dr. Geeta Gouri – Former Member of the CCI
Dr. Geeta Gouri, former Member of the CCI, is an economist with 15 years of experience working as a Regulatory Economist. She served as Member (Economics) at the CCI for 5 years and prior to that as Director (Tariffs) at the Andhra Pradesh Electricity Regulatory Commission. This unique experience gives her the privilege of being Dr. Geeta Gouri, former Member of the CCI, is an economist with 15 years of experience working as a Regulatory Economist. She served as Member (Economics) at the CCI for 5 years and prior to that as Director (Tariffs) at the Andhra Pradesh Electricity Regulatory Commission. This unique experience gives her the privilege of being perhaps the only economist in India to be associated with the premiering of the two commissions, which ushered competition and markets reforms in the economy. Dr. Gouri has published extensively and delivered lectures on a wide range of subjects; “Pricing for Welfare; Petroleum Products in India”; “Privatization and Public Enterprise: The Asia-Pacific Experience”; “Towards Equity: New Economic Policy and Equity”.perhaps the only economist in India to be associated with the premiering of the two commissions, which ushered competition and markets reforms in the economy. Dr. Gouri has published extensively and delivered lectures on a wide range of subjects; “Pricing for Welfare; Petroleum Products in India”; “Privatization and Public Enterprise: The Asia-Pacific Experience”; “Towards Equity: New Economic Policy and Equity”.Read More


Augustine Peter – Economist, IES
Augustine Peter is an Economist and thought leader having served in the Indian Economic Service (IES) since 1982. He specialises in Investment, Trade and Competition policies. He was Member, Competition Commission of India during April, 2014 to January, 2019.He served as Director General (Ministry of Petroleum and Natural Gas), Economic Adviser (Department of Commerce), Economic Adviser (Competition Commission of India), Director (Trade Policy Division, Department of Commerce) and Head (Transport Unit) Project Appraisal and Management Division, Erstwhile Planning Commission of India. Mr. Peter started his career as a Banker, working with the State Bank of India and the Indian Bank. He was Indian Delegate at the UNIDO Investment Promotion Service in Paris, representing the India Investment Centre. He was Lead Consultant with the Government of Nepal in 2002 and prepared draft Industrial and Investment Policies for that country. He has a number of papers in reputed Indian and international Journals and Books.Read More