SME Times is powered by   
Search News
Just in:   • MSME Ministry's new Secretary Dr. Pujari takes charge today  • Fresh talks on new Greece bailout  • Sensex closes more than 240 points up  • India Inc pats Modi for restoring govt credibility  • Auto component industry grows 11 pc in last fiscal: ACMA 
Last updated: 27 Sep, 2014  

Gujarat Map THMB Industry hails Modi victory in Gujarat election

Modi.Resize.jpg
   Top Stories
» Govt mulls 'Online Udyog Aadhaar Form' to ease SME registration
» Factory output grows by 4.4 percent in May
» April-May fiscal deficit at over 37 pc of estimate: Govt
» Country's external debt rises to USD 475.8 bn
» Greece defaults to IMF, requests more time to repay loan
SME Times News Bureau | 21 Dec, 2012
Industry leaders Thursday hailed the sweeping victory of Narendra Modi-led Bharatiya Janata Party (BJP) in the Gujarat assembly elections saying it will further boost the flow of investments into the state.

Confederation of Indian Industry (CII) president Adi Godrej said Modi's being in office again would further boost investors' confidence in the state and provide political stability.

"The stability in the state would enhance confidence of the industry and herald new investments. CII has been working closely with the state government and looks forward to continuing its engagement with it for Gujarat's progress," Godrej said.

The Bharatiya Janata Party is poised to win bag 116 seats, virtually equalling the 117 seats won in the 2007 assembly elections to the 182-member Gujarat assembly.

"Modi's hat trick victory is a resounding endorsement of his leadership and his success in economic development in Gujarat," said Kiran Mazumdar Shaw, chairman and managing director of Biocon Limited.

"Yes, Modi has delivered on a basic inclusive development agenda that goes beyond Roti Kapada Makan - education and healthcare," Shaw said on the micro-blogging site twitter.

Narendra Modi has emerged as a poster boy of India Inc due to his industry-friendly policies and no nonsense attitude while doing business. Several corporate giants including the Tata Group, Reliance and Maruti Suzuki have invested heavily in Gujarat during his rule, which spans over a decade.

Referring to the BJP's opposition to allowing foreign direct investment (FDI) in retail, Shaw said: "Modi has to toe the party line but I'm sure he personally favours FDI in retail."

"Gujarat has voted for development," said Rajkumar Dhoot, president, Associated Chambers of Commerce and Industry (Assocham).

Dhoot said heavy investments are flowing into Gujarat because Modi has adopted industry-friendly policies and improved basic infrastructure and governance.

"Improving the basic infrastructure to facilitate the industries for starting new ventures by utilising the vast mineral reserves of Gujarat and promoting public-private partnership (PPP) in agriculture, industry and services sectors to create new jobs and further promote economic activity through proper co-ordination between government, private sector and the civil society must be the next agenda of the state government," Assocham president said. 
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
64.55
63.50
UK Pound
102.60
100.35
Euro
73.55
71.75
Japanese Yen 52.55 51.40
As on 01 Jul, 2015
  Daily Poll
Will market regulator's plan to simplify start-ups' listing help SMEs?
 Yes
 No
 Can't say
  Commented Stories
» How to prevent exports downfall?(12)
» Starting an import export business: Basic guide for beginners(9)
» MSME registration gets easier(7)
» TI Automotive Opens New Fuel Tank Systems Production in India(2)
» Ashok Leyland bags USD 82 mn-order from Senegal(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter