CEOs murder shakes UP's business opportunities
By
siliconindia news bureau
New Delhi: Followed by the CEO's murder of an Indo-Italian company at Noida and another U.S based CEO being thrashed, many companies are pondering over their long term plans, putting foreign and domestic investors in U.P. into a dangerous proportion. The state is a home for a great number of domestic and multinational companies like Honda Siel, Daewoo Motors, Denso, Escort Yamaha, HCL, Polar Industries, Priya Gold and Samsung India.
The inactive security system in the state can leverage the chances of the new investors to explore better and safer options. The negligence shown during the murder of the CEO, LK Chaudhry of Indo-Italian company Cerlikon Graziano Transmissions, has made almost all the industry CEO representatives maintain the view that the gray areas of the labor policies of both the central and state governments should be reviewed. There should be an element of hire and fire policy in the revised labor policy and laws should be enforced without disturbing the industry peace.
The inactive security system in the state can leverage the chances of the new investors to explore better and safer options. The negligence shown during the murder of the CEO, LK Chaudhry of Indo-Italian company Cerlikon Graziano Transmissions, has made almost all the industry CEO representatives maintain the view that the gray areas of the labor policies of both the central and state governments should be reviewed. There should be an element of hire and fire policy in the revised labor policy and laws should be enforced without disturbing the industry peace.
Reader's comments(5)
1: Great successful business opportunity!
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Posted by: jact - 12:00 AM Oct 04, ' 08
2: It was one of the most shocking and terrible
news. On one side we are inviting MNC/ giant
companies to start their operation in our
country on the other hand some leaders/
Ministers have made mockery of our law by
issuing unwanted statements. This isolated
case may not hamper our speed but certainly
it will spoil our image and nobody would like
to take a Pang. This may be a setback to our
populous state.
Ravi
Ravi
Posted by: Ravi - 12:00 AM Oct 01, ' 08
3: I would hardly call these isolated events.
The condition of India's overall mind set is
becoming increasingly violent in many areas.
To say even one murder is acceptable over job
security, religion, or any other issue is
rediculous. If the citizens of India want to
continue to develop in the global market they
will have to set asside their uncivilized,
uneducated actions and persue a more
civilized approach to social issues. I agree
with the article and with other comments.
India will see the effects of these actions
in a backlash of financial setbacks.
Posted by: Raj - 12:00 AM Sep 30, ' 08
4: What happened to Graziano CEO was really
terrible and big law-n-order, labor law /
relationship (larger) issue that should be
addressed by state / center in more
comprehensive manner. But do some recent
skirmishes (again law-n-order issue) between
religious groups in Karnataka, etc. make it
absolutely bad place for investment. No! My
point being that there are issues that need
to be fixed with UP but there are many
industries running there business
successfully. So hopefully these isolated
events should not take away the business
opportunities from UP.
Posted by: Sachin Sharma - 12:00 AM Sep 30, ' 08
5: Because of the stupid emotional actions of
some idiots we are going to loose and talk
about unemployment existing in the society.
we have to pay for our own deeds.
Posted by: Mahesh - 12:00 AM Sep 29, ' 08
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