http://www.deccanherald.com/content/71720/pm-asks-india-inc-chip.html
PM asks India Inc to chip in for affirmative action
New Delhi, May 26 (PTI)
Prime Minister Manmohan Singh today asked the country's industry
leaders, including Ratan Tata and Mukesh Ambani, to reach out to the
rural economy and help the government on food security and affirmative
action.
The corporate honchos raised concerns about the possible impact of the
European financial crisis on the Indian economy.Singh reviewed the
state of economy with Tata, Ambani, Azim Premji, Sunil Bharti Mittal,
Swati Piramal, Chanda Kocchar, Deepak Parekh, Kesab Mahindra and Kiran
Majumdar Shaw at the first meeting of the newly constituted Prime
Minister's Council on Trade and Industry.
The Prime Minister asked them to form sub-groups on food security,
public-private- partnership, backward area development and corporate
social responsibility.
"The members held wide-ranging discussions on various issues,
including use of clean technology for energy and economic security,
R&D to further industrial growth, contribution of industries in food
security and affirmative action for social inclusion," a PMO statement
said.
Singh was assisted by Finance Minister Pranab Mukherjee, Commerce and
Industry Minister Anand Sharma and C Rangarajan, Chairman of the
Economic Advisory Council to the Prime Minister.
On the Euro crisis, Rangarajan, noted economist and former RBI
governor, assured the members that the problem was small.
"Rangarajan said Greek problem is very small in terms of its impact on
Indian economy (but) we have to look after whether Euro is falling or
rising which is more important," Piramal who is also Assocham
President told reporters.Rupee appreciation in the recent past and its
impact on India's exports also figured in the discussions.
She said both the Prime Minister and Finance Minister assured the
industry about quick implementation of Goods and Services Tax and
Direct Tax Code - the two of the most important tax reforms to be
launched in the country.Some of the industry members also sought
opening up of the multi-brand retail and defence sectors to foreign
investment.
The members expressed confidence that the economy was well on its way
to trajectory of plus 9 per cent.
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