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Fear psychosis has gripped India Inc

A fear psychosis has gripped India Inc. following the ghastly terrorist attacks in the country’s financial capital in which several senior corporate executives were trapped for several hours since Wednesday night.

delhi Updated: Nov 27, 2008 15:38 IST
HT Correspondent

A fear psychosis has gripped India Inc. following the ghastly terrorist attacks in the country’s financial capital in which several senior corporate executives including the global board of fast moving consumer goods major Hindustan Unilever were trapped for several hours since Wednesday night.

Industry captains called for heightened security in industrial establishments and advocated for legislating tough anti-terror laws.

Saying that it is high time the industry started debating terrorism and terror laws, president of Federation of Indian Chambers of Commerce and Industry (Ficci) Rajeev Chandrasekhar said “Indian business and its various stakeholders have, so far, been mute and very detached from this debate on terrorism and tougher approach to terrorism and terrorists, including anti-terror laws.”

Calling the mood in the industry “extreme”, director general of Confederation of Indian Industry (CII) Chandrajeet Banerjee said, “We have to create political will and courage to combat terrorism. This is one issue where parliamentarians will have to move beyond their political parties and agenda. We need to react like America did after 9/11.”

Condemning the “dastardly and cowardly act” of terrorists, Associated Chambers of Commerce and Industry (Assocham) Sajjan Jindal said this “heinous act of terrorists will not destabilise India’s growth”.