New Delhi, Sept 19: The ongoing political turmoil notwithstanding, India Inc on Wednesday came out in strong support of the United Progressive Alliance (UPA) government at the Centre, and urged it to carry on with the reforms.
Industry leaders, including Anand Mahindra and Kiran Mazumdar Shaw, have asked the government not to give in to the demands of Trinamool Congress (TMC) chief Mamata Banerjee and carry forward the reforms process.
Biocon Chairperson and Managing Director Shaw termed Banerjee as “maverick politician” stating her vote bank politics is not in sync with economic growth.
“Mamta Didi is a maverick politician who depends on a vote bank of poor people. Her economic agenda is not aligned with strong economic growth,” Shaw tweeted.
Extending her support to the government’s nod to allow Foreign Direct Investment (FDI) in retail sector, Shaw said, “The fear of FDI retail can be answered by the same fear that was expressed when McDonalds and other chains were allowed.”
Mahindra and Mahindra Chairman Anand Mahindra also asked the government not to give in to the demands of the West Bengal Chief Minister and instead reforms process must be carried forward.
Backing the UPA government on reforms, Mahindra tweeted, “Again, we urge the government to stand its ground. Right-thinking Indians will be less than amused by partisan politics in a fragile economy.”
FICCI president R.V. Kanoria also said it was important for political parties to understand the importance of economic reforms for the growth of the country.
“The country needs reforms, it needs to grow, it has potential, talent and entrepreneurial skills. I will urge those who are not supporting the reforms to think carefully,” he said.
Kanoria further said political differences must be set-aside in the greater interest of the country. (ANI)