Modi new posterboy for industrialists?
His good governance hat firmly on, Narendra Modi's saffron turban was quickly
forgotten. Addressing the big names of industry at a five-star hotel in
In progress was the Vibrant Gujarat Global Investors'
Instead, the rehabilitated new chief minister was seen solely as the man who
had green-lighted Ratan Tata's Nano project in a few hours flat. Apart from the
winning cards of good infrastructure, smooth roads and quick redressal of business
issues, Modi's trump card remains the Tata's small-car project that his state
has won.
He warned that with the credit crunch, there could be an unprecedented
rise in ‘dirty money' — funds from illegal sources such as drug and arms
dealers. This, he said, would only deepen the crisis in the country.
When the head of a Mumbai-based construction company said that Modi should
personally call upon the Reserve Bank governor to discuss the current financial
crisis, he did not hesitate a second before answering in the affirmative. He
added that he had been prompting the Prime Minister Manmohan Singh and finance
minister P Chidambaram to meet financial and business heads to get a clear
picture of the gravity of the situation.
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