A Moodyswing: Meanwhile, India Inc calls on PM Modi to ‘appreciate’ work

The FICCI team included its president Jyotsna Suri, Bharti Enterprises vice-chairman Rajan Bharti Mittal and JK Paper managing director Harsh Pati Singhania.

By: ENS Economic Bureau

New Delhi | July 1, 2015 03:55 AM IST

2 min read

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Hours after Moody’s released its poll results in which participants raised concerns over “policy stagnation”, the government announced that two separate delegations representing India Inc had called on Prime Minister Narendra Modi on Tuesday and appreciated the steps taken by the government over the last one year.

While a 15-member delegation from Confederation of Indian Industry (CII) — it included CII president Sumit Mazumdar, Mahindra & Mahindra executive director Pawan Goenka, Feedback Infra chairman Vinayak Chatterjee — met the Prime Minister around noon, an 11-member delegation from the Federation of Indian Chambers of Commerce and Industry (FICCI) met him four hours later.

The FICCI team included its president Jyotsna Suri, Bharti Enterprises vice-chairman Rajan Bharti Mittal and JK Paper managing director Harsh Pati Singhania.

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Asked if the Moody’s report and its poll findings were also discussed at the meeting, one of the members of the delegation said: “The PMO has issued a statement and I will not speak anything beyond that.”

In a statement, after the PM’s meeting with the CII delegation, the government said: “Members of the delegation appreciated the work done by the Union Government over the past year, and said that the Government has strategically shaped a new economic direction for the future growth and development of the country.”

Another statement on the meeting with the FICCI delegation said: “Members of the delegation appreciated various steps taken by the Union Government to improve ease of doing business, and for the ‘Make in India’ initiative.”

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