CII welcomes Rahul Gandhi's speech to industry

Interacting with biz community, Gandhi pressed for making country largest economy by time it turns 100 years old

Congress Vice President Rahul Gandhi's speech touches the real issues being faced by the industry and investors can draw confidence from his talk, industry body CII said today.

"His talk is comprehensive and touches real issues, which industry has been trying to grapple with in recent times. Gandhi's talk is reflective of the fact that he has his ears to the ground...Even as the economy has slowed down and investor confidence is not at its peak," CII President Kris Gopalakrishnan said in a statement.

Interacting with business leaders and responding to their concerns yesterday, Gandhi talked about the problems of inflation, clearances, accountability and transparency while underlining the need for pushing the growth to alleviate poverty and making the country the largest economy by the time it turns 100 years old.

"At a time, when questions have been raised about India's commitment to reforms and growth, Gandhi's comments are music to the ears of investors, who I am sure would draw confidence from his speech," Gopalakrishnan said.

The industry chamber said Gandhi's endorsement of need for reforms in labour laws enabling modern and flexible labour market is a welcome statement.

"The reforms proposed by him in labour laws, access to power, access to land and natural resources will enable manufacturing sector to contribute 25% of GDP generating 100 million new jobs in the next decade," CII said.