India can become the export hub of the world, says Alstom India MD, Alain Spohr.

India can become an export hub of the world, said Alain Spohr, managing director of Alstom India and South Asia. In an interview to ET, he said while ease of doing business has improved over the past few years, the country needs to improve project execution and that dispute resolution remains a big issue.

If a well-designed incentive scheme is provided, it could be a mega boost for India, he said, adding that some sort of subsidies or financial incentives could spur companies to bring large investments to the country.

"There needs to be increased focus on faster project execution, dispute resolution, interaction between customers and vendors. I did not see much focus on these as part of ease of doing business. Problem is not to come to India, but to stay in India," said Spohr.

There is a need for more balance in terms and conditions governing contracts, he said.

"Dispute resolution, cash neutrality, protection against abusive termination of contracts should be built into today's contracts because these things are important for businesses who may want to invest," he said while acknowledging that ease of doing business is significantly better in the country now than it was 10-15 years ago.

There is a clear direction and things are moving in the right direction, he said. Subsidies or some financial incentives could spur companies to bring large investments to India, he said.

Alstom, he said, would initiate talks with the Indian Railways about lightweight coaches and was looking for clarity on tramrail used in Europe.

"We will start talking about it with the Indian Railways. This could be part of the tools that Indian Railways uses to improve passenger service experience," Sophr said, adding that the company had the capacity to build special trains and would be interested in co-production with the national transporter.

He said the company that traditionally had 72-75% localisation was at 85% for most projects here.

This, he said, happened as the company had been working under the Make in India policy of the government.