CII president congratulates UPA on poll victory

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In a statement issued on his behalf, Srinivasan said: "The present economic conditions in India required an election verdict, which would provide stability at the Center. And the verdict has done just that. CII is looking at a five year stability, consolidation and reforms going forward."

"The re-election of UPA would also provide the continuity that is important at this stage. Our expectation from the new government would be that the economic imperatives are paid adequate attention to and the reform process is fast tracked, because the current situation demands it. A key area of focus would have to be infrastructure, since it plays a key role in the economic revival and sustained growth of India," he added.

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"Needless to say that CII looks forward to working with the new government and provide the necessary assistance and support," he said further.

Chandrajit Banerjee, Director General, CII, said: "A comprehensive majority for the UPA gives the necessary stability to the Government at the Center. This provides a great opportunity for the new government to take necessary and bold measures to deal with the emerging economic situation."

"CII would shortly present to the Government its own wish list of reforms and measures. We are certain that the new government would be pro active on the reform agenda and CII looks forward to working very closely with the government," he added. (ANI)