Indian companies call for strong anti-terror measures

Friday, 28 November 2008, 11:50 Hrs   |    7 Comments
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New Delhi: The following are some quotes from captains of Indian industry who have condemned the terror attack in Mumbai since Wednesday night and called for strong anti-terror mechanism and laws:

Ratan N. Tata, chairman, Tata Group: "We must show that we cannot be disabled or destroyed, but that such heinous act will only make us stronger. It is important that we do not allow divisive forces to weaken us."

K.V. Kamath, president, Confederation of Indian Industry: "This is a new type of attack and I am sure the city has to adjust to this attack."

Rajeev Chandrasekhar, president, Federation of Indian Chambers of Commerce and Industry: "It is a clear and unambiguous attack on the Indian economy. It is time we demand stronger and firmer leadership and approach to the threat of terrorism, including better laws."

Sajjan Jindal, president, Associated Chambers of Commerce and Industry: "Such a heinous act has no place in any civil society; anti-national forces should be dealt with iron hands."

Vijay Mallya, chairman, UB Group and Kingfisher Airlines: "In our political system, we soft-pedal issues and try to please many factions but this kind of national disgrace needs to be dealt with a very firm hand. It is not fair to us as a community, as a nation."

Rahul Bajaj, chairman, Bajaj Auto: "Whether it affects business, whether it affects tourism, whether business bounces back is to my mind secondary. The financial meltdown has hurt everybody but whether it becomes twice as bad is to my mind secondary."

S.K. Birla, director, Birla Brothers: "It is no more an issue for the government alone. The attack has targeted the hub of the corporate world and we will speak in unison."

Deepak Parekh, chairman, HDFC Bank: "Blasts are bad for investor confidence."

Anand Mahindra, vice chairman, Mahindra and Mahindra: "The attacks were targeted at the nerve centre of the Indian economy, (and) designed to create panic."

Habil Khorakiwala, chairman, Wockhardt: "This has happened mainly because we have not responded adequately to combat terrorism. I think it is time for politicians not to make terrorism a political issue and consider it as a war on our country."

A.M. Naik, chairman, Larsen and Toubro: "How the international community will view this from the point of view of investment, travel, tourism and staying in five-star hotels to conduct multinational business that is something one has to worry about."

Vijay Thakur, President, Indian Association of Tour Operators: "This is certainly going to mar the sentiment of the tourism industry."

Harsh Pati Singhania, managing director, JK Paper: "Terrorist attacks in Mumbai are shocking. These should make every Indian citizen stand up and support the cause of secularism and pluralism, the values that have been cherished by all of us."

Sushil Gupta, managing director (west), Asian Hotels: "There will be some effect (the hotel industry) which we can't quantify at the moment."

Raamdeo Agrawal, joint managing director, Motilal Oswal Securities: "I don't think these attacks pose a big economic issue."
Source: IANS
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