The Hindu : Business : Industry captains express shock

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Friday, Nov 28, 2008
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Industry captains express shock

Special Correspondent

Seek stringent laws to deal with terrorism

Targeted to derail fast-growing economy
Institutions doing business could be vulnerable

NEW DELHI: Expressing deep shock over the Mumbai terror attacks, Indian industry on Thursday said the country’s financial capital has been targeted to derail fast-growing economy and shatter confidence of global as well as domestic investors. Industry leaders have sought tougher approach from the Government to deal with terrorism, including framing of stringent terror laws.

“Terror attacks in Mumbai are clear and unambiguous assault on the Indian economy and all its participants. It is time we all join this debate on terrorism and demand stronger and firmer leadership and approach to this threat of terrorism, including better laws,” said Rajeev Chandrasekhar, MP and Federation of Indian Chambers of Commerce and Industry (FICCI) President.

Similarly, Confederation of Indian Industry President, K. V. Kamath, who also heads India’s largest private sector bank ICICI, said: “The attacks clearly show that our institutions could be vulnerable, whether institutions of commerce like hotels or any institutions doing any sort of business.”

Associated Chambers of Commerce and Industry of India (Assocham) President Sajjan Jindal said such anti-national forces should be dealt with iron hands.

“The law and order authorities ought to take extra precautions to prevent recurrence of such unfortunate events in future and security personnel should be deployed in adequate numbers at all sensitive places including hubs of economic activities,” Mr. Sajjan Jindal demanded.

Condemning the killer attacks in India’s financial capital, HDFC Chairman Deepak Parekh said, “Blasts are bad for investor confidence.”

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