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This is an archive article published on May 23, 2004

Industry pledges full support to Manmohan

Leading industry associations today welcomed the new government headed by Prime Minister Manmohan Singh and pledged their full support to at...

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Leading industry associations today welcomed the new government headed by Prime Minister Manmohan Singh and pledged their full support to attain the goal of 8 per cent economic growth through reforms.

The Confederation of Indian Industry (CII) expressed hope that under Singh’s leadership India would be able to sustain the reforms process and achieve 7-8 per cent economic growth.

‘‘In fact India would be able to achieve 10 per cent growth in gross domestic product (GDP) through sustained reforms,’’CII President Anand Mahindra said in a statement here.

Echoing Mahindra’s views, FICCI president Y K Modi said, ‘‘The industry is happy and confident that Singh and his council of ministers will deepen and broaden the reform agenda and focus on governance and implementation of issues drawing from their wealth of experience.’’

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