A strong and stable government to bring in more foreign investment: ASSOCHAM

Congratulating Mr Narendra Modi for leading the NDA to a convincing victory in the Lok Sabha elections, ASSOCHAM President Mr B K Goenka today said, "An aspirational India has reposed great faith in Mr Modi's leadership. The ASSOCHAM will extend full support to his government to meet these aspirations by achieving higher economic growth through enhanced investment in manufacturing, rural and urban infrastructure, agriculture and social sectors, including health and education".

Mr Goenka expressed confidence that having laid the building blocks of several flagship programmes like Start-Up India, Smart Cities and Make in India, we are assured of Government's decisive traction to these schemes. A strong and stable government would bring in more foreign investment even as the domestic firms are witnessing renewed confidence. We are in for a virtuous cycle where consumption and investment drive each other. With inflation expected to stay benign, and growth set to move higher with the help of lower interest rates, we would soon be in a sweet spot, thanks to a decisive leadership".

Mr Goenka said the ASSOCHAM has already prepared a 100-day agenda, in the form of constructive recommendations for the new government. Our agenda is to pluck the low hanging fruits while sowing the seeds for richer harvest".

ASSOCHAM Senior Vice President Dr Niranjan Hiranandaniwhile welcoming the remarkable victory of the Mr Narendra Modi stated that the central government in the last five years has done a remarkable job in areas such as skill development, women empowerment and infrastructure development.

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