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PM for political consensus on financial reforms

The Prime Minister sought political consensus for pushing forward financial and labour sector reforms.

india Updated: Oct 06, 2006 22:38 IST

Seeking to set at rest the debate on Special Economic Zones, which he felt have come to stay in India, Prime Minister Manmohan Singh on Friday sought political consensus for pushing forward financial and labour sector reforms for sustaining high economic growth.

"We can't afford a chalta hai (complacent) attitude... We need to think out of the box... We have to evolve a broad consensus on reforms and I and (Finance Minister) Chidambaram meet Left parties every two-three months," he said during the Economic Times Award ceremony here.

On a query about SEZs, Singh told captains of industry that "SEZs have come to be accepted as a part of new policy paradigm we have evolved".

"I do believe that SEZs have a role to accelerate the growth and to generate more employment... In recent weeks concerns have been raised with regard to acquisition of agriculture land. I do believe that some of these concerns should be taken on board. We will take them on board and SEZs have come to stay."