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Indian corporate happy with continuity in Cabinets

Indian corporate happy with continuity in Cabinets
PTI
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First Published: Sun, May 24 2009. 10 44 AM IST
Updated: Sun, May 24 2009. 10 44 AM IST
New Delhi: India Inc on Saturday said the portfolio allocation by Prime Minister Manmohan Singh signals the government’s commitment towards reforms and gives a sense of confidence to the industry.
Ficci President Harsh Pati Singhania said: “Prime Minister Manmohan Singh has displayed his eagerness to rapidly push his government’s governance agenda ...”
Industry body CII said the allocation indicates strength and experience. “We also see continuity in most of the portfolios which gives a sense of confidence,” CII Director General Chandrajit Banerjee said in a statement.
Complimenting the Prime Minister on his choice of “right people” to head the key portfolios, Assocham President Sajjan Jindal said that the ministries - Finance, Home, Agriculture, External Affairs, Defence and Railways - would play a major role in taking India to an inclusive growth path.
In partial allocation of portfolios, the Prime Minister retained veterans Pranab Mukherjee and P Chidambaram in Finance and Home Ministries respectively. S M Krishna was made the new external affairs minister and Mamata Banerjee was given railways.
A K Antony stays in defence and Sharad Pawar agriculture food, civil supplies, consumer affairs and public distribution, portfolios they had handled in the previous UPA government.
Bengal Inc gives Mamata as Railway Minister thumbs up
Bengal Inc also said Trinamool Congress chief Mamata Banerjee’s appointment as the new railway minister is a positive development while pinning hopes that she would expedite work.
“This is a good news for the wagon manufacturing industry with its hub in West Bengal. I expect her to take special initiative for the wagon industry,” Jessop & Co chairman P K Ruia said.
Bengal Chamber of Commerce and Industry senior vice-president and former CII chairman (East) Sandipan Chakraborty said, “It is good news for industry. The wagon building industry will get impetus.”
The repair shops like Liluah and Kharagpur were likely to get impetus.
The industry felt that the proposed east-west freight corridor would come up to Kolkata instead of Sonepat.
Bengal National Chamber of Commerce of Industry president Sandipan Sen said the extension of metro till Garia is likely to be completed in time and the east-west metro corridor connecting Kolkata and Howarh.
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First Published: Sun, May 24 2009. 10 44 AM IST
More Topics: Portfolio | Reaction | Ministers | Cabinet | UPA |