Corporate India terms Gujarat, HP results as victory of progress and development

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'It is a vote for performance, development, growth and transparency.' Deepak Parekh, chairman of HDFC, told The Indian Express.  (Reuters) 'It is a vote for performance, development, growth and transparency.' Deepak Parekh, chairman of HDFC, told The Indian Express. (Reuters)
SummaryIndia Inc has hailed election results in Gujarat and Himachal Pradesh and termed it a victory of progress

India Inc has hailed the election results in Gujarat and Himachal Pradesh and termed it a victory of progress and development.

“It is a vote for performance, development, growth and transparency. The results show that people want progress, be it in infrastructure or quality of life,” Deepak Parekh, chairman of HDFC, told The Indian Express.

Assembly election results were announced for Gujarat and Himachal Pradesh on Thursday. While in Gujarat, the Bharatiya Janata Party under chief minister Narendra Modi registered a win with 115 seats, it was voted out of power in Himachal where the Congress won with a majority of 36 seats.

“The stability in Gujarat would enhance confidence of the Industry and herald new investments,” said Adi Godrej chairman, Godrej Group and president, Confederation of Indian Industries, adding that in Himachal, “The clear mandate provides a great opportunity for the new government to take necessary and bold measures for development of infrastructure and industrial clusters in the state.”

Commenting on the Gujarat results, Assocham also echoed similar sentiments. “Gujarat has voted for development. The Gujarat government under Mr Modi has been an epitome of good governance ... evidently as the state has made remarkable progress during the course of last decade,” said Assocham president Rajkumar Dhoot.

“The victory of BJP under Narendra Modi reaffirms his dynamic and pragmatic approach towards social and economic upliftment and the industrialisation,” said Harsh Pati Singhania, director, JK Organisation and president, International Chamber of Commerce.

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