Headlines
India Inc. congratulates AAP for landslide victory
New Delhi, Feb 10
Complimenting the Aam Admi
Party (AAP) for its landslide win in the Delhi state elections, Indian
industry Tuesday said it looks forward to collaborating with the Arvind
Kejriwal-led government in the national capital's development.
However,
the stocks markets which have been on a roller coaster ride since
Monday, were trading in the red in the late afternoon session Tuesday.
The
barometer index of the Bombay Stock Exchange (BSE) was down 54.55
points or 0.19 percent in the late afternoon trade session.
Volatility
was witnessed in the trade so far, with the benchmark index rising to
an inter-day high of 28,633.72 points and a low of 28,044.49 points.
The
30-scrip Sensitive Index (Sensex) of the S&P BSE, which opened at
28,122.48 points, was trading at 28,172.84 points (2.35 p.m.), down
54.55 points or 0.19 percent from the previous day's close at 28,227.39
points.
The Confederation of Indian Industry (CII) complimented AAP on its strong performance in Delhi state assembly elections.
"CII
and the industry in Delhi is confident that the new government would be
industry friendly and would strengthen Delhi's position both
economically and socially," said Zubin Irani, chairman, CII Northern
Region.
According to Irani, CII looks forward to work with the
state leadership on a focussed agenda comprising of GST (goods and
services tax), skill development, promotion of the services sector,
upgradation of industrial areas, green energy, water conservation and
women's safety.
Federation of Indian Chambers of Commerce and
Industry (FICCI) congratulated AAP for its victory and hoped that the
huge mandate will be used to create positive governance environment for
growth of businesses in the state.
“We are encouraged by the
statement that the AAP will endeavour to ensure that starting a business
or trade in Delhi takes maximum time of one week and that it will also
take steps to end inspector raj," said A. Didar Singh, secretary
general, FICCI.
"It is also heartening to see focus of AAP’s
Action Plan on making Delhi a start-up hub and create amenities to
realise this promise," added Singh.
PHD Chamber of Commerce and
Industry described the massive mandate in favour of AAP as a vote for
clean politics and governance in which there is no elbowroom for
corruption and appeasement.
PHD Chamber's president Alok B.
Shriram said that Kejriwal-led AAP government in Delhi should make all
possible attempts to provision for education, women safety, water,
electricity, sanitation and host of other such issues as well as efforts
for the industrial development of Delhi.
The industry body said
that the capital city needs altogether new infrastructure, adequate
water and power for its economic upliftment coupled with a cluster
approach so that all its industrial pockets are revived to serve the
emerging requirements of stakeholders.
Privately, industry leaders remained apprehensive over the policies the AAP government will pursue.
They
also advised the AAP leadership not to indulge in an excessive exercise
in giving out doles as such measures could prove counterproductive and
promote lethargy in the system.
Industrialist Harsh Pati
Singhania too congratulated Kejriwal for leading AAP to a landslide
victory in Delhi assembly elections.
"His unhindered zest to
project the issues of common man as his election motto has reaped rich
dividends," Harsh Pati Singhania, director, J.K. Organisation and vice
chairman and managing director, JK Paper said.
Top banker Deepak Parekh described the victory of AAP in Delhi's assembly elections as a "vote for change".
"It
is a change for which the people of Delhi voted," Parekh, chairman of
Housing Development Finance Corporation told reporters in Mumbai on the
sidelines of an event.
"I think what has impacted Delhi elections
is that in the last seven-eight months nothing changed there when it
was under the L-G (Lieutenant Governor) role. It may have upset the
people," he said.
According to Parekh, only time will tell how AAP delivers on its promises of cheaper power and access to water.