New Delhi: Expressing shock over the terrorist attack in Mumbai claiming about 100 lives, Indian industry has demanded tougher laws along with ‘stronger and firmer’ leadership to tackle terrorism.

The industry leaders, including heads of the apex chambers, said that the country needs to be on a high alert since its institutions are becoming vulnerable to the terrorists’ attacks.

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

Demanding stringent laws to deal with terrorists, FICCI President Rajeev Chandrasekhar said: “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.”

He also said that the Indian business has so far been mute and very detached from this debate on terrorism and tougher approach to terrorism and terrorists, including anti-terror laws.

CII President and ICICI Bank CEO and Managing Director K.V. Kamath 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”.

He said, “Everyone needs to be on high alert at this point of time.”

However, while the city has a track record of bouncing back, Kamath said: “This is new type of attack and I am sure the city has to adjust to this attack.”