India Inc extends support to new Bihar govt

India Inc extends support to new Bihar govt
Highlights

India Inc on Sunday pledged its support to the Nitish Kumar-led group, which swept the Bihar elections, saying it will work closely with the new government to ensure investments and execution of big-ticket projects.

New Delhi : India Inc on Sunday pledged its support to the Nitish Kumar-led group, which swept the Bihar elections, saying it will work closely with the new government to ensure investments and execution of big-ticket projects.

The industry chamber said the focus will be on agri and food processing, infrastructure, manufacturing and MSMEs, ICT and e-governance, tourism, healthcare, education and skill development, and power and energy.

Congratulating Chief Minister Nitish Kumar and the leadership of the Grand Alliance on an impressive victory, Assocham said the industry looks forward to "a new beginning" in the state, which needs a renewed vigour for economic development.

"Nitish Kumar is greatly focused on the kind of governance which touches the common man, whether they are women, girl children or those at the bottom of the pyramid. His emphasis on social indicators have helped him re-win the confidence of his people," said Assocham Secretary General D S Rawat.

In a statement, CII too committed itself to working with the new government in furthering the development agenda of the state. "Our best wishes go to the incoming government, and I am sure the new government will dedicate itself to fulfilling the aspirations of the masses by leading Bihar to a new era of industrial development, economic growth and prosperity," said CII President Sumit Mazumder.

Chairman and MD of Biocon Kiran Mazumdar Shaw tweeted: "With Bihar elections behind us, the Modi govt can now give undivided attention to the economic agenda...Hope the Opposition aligns with the government and the electorate."

Meanwhile, Mahindra Group CMD Anand Mahindra in a tweet said: "What's wonderful about this country is that election vote-counting still attracts a larger audience than Bollywood or a cricket match."

Industry chamber Assocham also said Nitish has "a great eye for social indicators". It said that with elections now out of the way, "the industry expects the Centre and the state to work together to pursue certain economic reforms like the Goods and Services tax so that the Indian economy is able to achieve higher growth for the benefit of all citizens".

On the results, the Confederation of All India Traders (CAIT) said, "Absence of any mechanism to take down the line various landmark initiatives and policies including Mudra Bank Yojna, Skill India, Digital India and Make in India campaign of Prime Minister Narendra Modi could be one of the causes."

CAIT National President B C Bhartia and Secretary General Praveen Khandelwal hoped that serious introspection will be made by the central government regarding implementation of these schemes.

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