India Inc hails Modi victory

November 8, 2014 12:42 pm

“It is first time after 1984 that a single party would be able to get majority on its own giving the ruling combination a huge elbow room to take  bold economic decisions which at times may appear to be not so popular,” reacts ASSOCHAM President Mr Rana Kapoor.
“The nation awaits an era of minimum government and maximum  governance. Industry must be seen as a key factor in the nation’s  advancement by enabling efficient provision of goods and services and creation of jobs,” said Sidharth Birla, President, FICCI. “The electoral verdict signals a clear mandate for development, employment and growth in Industry and manufacturing sector, which time and again Mr Modi has assured the country,” said Vijay Kalantri,  President, All India Association of Industries (AIAI).
“The real estate industry expects that the new government will give the sector its due priority and support the sector. We look forward that the new government will give its due credit and award the infrastructure status to the real estate sector in India. We are confident that under the able leadership of the new government a positive approach will lead the sector towards rapid growth,” said C Shekar Reddy President CREDAI – National.
“We hope to partner with the country in developing smart cities as well as boosting the renewable energy segment, in particular. We look forward to policies that will bolster infrastructure development in India, acting as an engine of growth, creating thousands of new jobs and pushing up GDP growth, while lowering poverty levels and bringing alive our collective dream of inclusive growth,” comments Anil Chaudhry, Country President & MD, Schneider Electric India.
“It is a fantastic, decisive and historic mandate by the People of India who have voted for development, education and jobs instead of non-performance, policy paralysis and a multitude of unsustainable sops. I hope that the NDA will deliver more than the peoples high expectations given their thumping majority,” said Rohit Poddar, Managing Director, Poddar Developers.
“A stable government will lift the sentiments of the investor community who form a dominant role which will impact housing and office sales. Hence, both end-users and investors are also expected to increase their investments in the sector and contribute to its growth,” said Sanjay Dutt, Executive Managing Director, South Asia, Cushman & Wakefield.