PM meets corporate veterans on financial crisis

PM meets corporate veterans on financial crisis
PTI
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First Published: Fri, Nov 07 2008. 05 55 PM IST
Updated: Fri, Nov 07 2008. 05 55 PM IST
New Delhi: Prime Minister Manmohan Singh met corporate veterans, including Keshub Mahindra, N Vaghul and Ashok S Ganguly, amidst fears of global financial meltdown hurting India.
The meeting which lasted for about half an hour was held at the official residence of the Prime Minister.
None of the participants spoke to the reporters but it is believed that the meeting deliberated on the current crisis and also the steps to be taken to neutralise the impact of the global meltdown on the country.
The deliberation comes on the heels of the Prime Minister meeting captains of the Indian industry earlier this week wherein he assured them that the government will take steps to improve liquidity and promote growth.
Keshub Mahindra, who attended the meeting, is Chairman of automobile major Mahindra and Mahindra and had served on various government committees, including the Sachar Commission on Company Law and MRTP and Central Advisory Council of Industries.
Veteran banker N Vaghul, who has been associated with the financial sector for long years, is the Chairman of ICICI Bank.
ICI India Chairman Ashok Ganguly was Chairman of the erstwhile Hindustan Lever and is at present a member of the Investment Commission.
Singh, while addressing the industry leaders said: “We recognise that the situation is abnormal and we need to be constantly on the alert. The situation is being watched on a day-to-day basis and more steps will be taken if required.”
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First Published: Fri, Nov 07 2008. 05 55 PM IST