【MUMBAI】Corporate India has come out to express confidence in the new government under Prime Minister Narendra Modi with the hope that the business scenario in India will see better times soon.
Corporate India, led by the Ambanis, Mittals, Munjals, Adanis, Hindujas and Ruias, was in full strength at Mr. Modi’s swearing in ceremony in New Delhi.
Ajay Shriram, President, Confederation of Indian Industry (CII), said that the Prime Minister’s stress on growth and development had translated into an unequivocal mandate for change, and industry would look forward to a new era of reform and liberalisation of the Indian economy.
○'Rebuild investor confidence as top priority'
【NEW DELHI】The new government's top priority should be to rebuild investor confidence in administration and reorient economic policies and attitudes towards growth, India's top lawyer Harish N Salve, has said.
It should also repeal the controversial retro tax amendment, instead of waiting for the outcome of negotiations between the government and Vodafone, Salve, who defended the British telco in the case, said. "I have always maintained that the retro (tax) amendment was a breach of faith and also retrograde. (It) should be repealed," he said from London.
【News source】
Industry looks forward to a new era under Modi
Rebuilding investor confidence should be top priority of the new government: Harish Salve
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