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India Inc toasts Modi's victory

business Updated: Dec 24, 2007 17:04 IST
IANS
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Leaders of Indian industry unanimously raised a toast to Narendra Modi's re-election as Gujarat's chief minister, a man regarded for his development agenda.

"There were major doubts in the past on being able to convert developmental efforts into votes, there were doubts in capacity of developmental activities to be translated into votes. These have all been set aside by Narendra Modi's victory," Amit Mitra, secretary general, Federation of Indian Chambers of Commerce and Industry (FICCI) told IANS.

"Modi has been instrumental in the development of things like water harvesting and agriculture, which has translated into a massive vote bank in the Indian electoral process," Mitra added.

FICCI also applauded Modi's efforts in building rural roads and development of small and medium enterprises in the state.

Another leading industry body, the Confederation of Indian Industry (CII), congratulated Narendra Modi and said, "Growth and development agenda are imperative to an inclusive and sustainable growth trajectory."

According to the Associated Chambers of Commerce and Industry of India (ASSOCHAM), "Modi's victory was inevitable as his efforts in developing Gujarat has benefited every man in the state."

"Modi has delivered on its promises. This is a lesson for others. His work and efforts to develop the state has inspired the common man to vote for him," said ASSOCHAM president Venugopal N Dhoot, also the chairman and managing director of the Videocon Group.

Upbeat spirit was also exhibited by the Southern Gujarat Chamber of Commerce and Industry (SGCCI), according to which "Modi's victory is only going to fasten the development process of the state."

"Projects and agreements that were initiated during his rule will now be continued and implemented faster, which may have been delayed or discontinued by other government," the SGCCI said.

On Sunday, Narendra Modi led the Bharatiya Janata Party (BJP) to victory in Gujarat once again, winning 117 of the 182 seats. He will take oath of office on Tuesday for the third time as Gujarat's chief minister.

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