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MOTORINDIA
l
September 2012
CII President outlines strategy
for economic revival
Addressing a press conference in
Chennai, Mr. Godrej, who took over
as its President recently, said that
CII’s Theme for 2012-13 will be
“Reviving Economic Growth with a
strong focus on Reforms and Gov-
ernance”. Structural reforms, both
at the Central and State levels, need
to be undertaken on a war footing.
CII has been continuously engaging
with the Government and political
parties in its bid to promote reforms
in critical areas such as banking, in-
surance, land acquisition, manufac-
turing, mining, etc. This has been
stepped up in the current year as
certain reforms have the potential to
be game-changers for the economy.
“Opening up of foreign direct in-
vestment in critical sectors such as
single brand retail, civil aviation and
defence and allowing FDI in multi-
brand retail will also go a long way
in improving the sentiments on eco-
nomic growth and also help increase
capital flows”.
Mr. Godrej further observed fur-
economy
Mr. Adi Godrej, CII President, addressing the CII members at an Interactive Session held in Chennai. The oth-
ers (from left) are Mr. Sujith Haridas, Regional Director, CII-SR, Mr. R. Dinesh, Chairman, CII Tamil Nadu State
Council, Mr. B. Santhanam, Deputy Chairman, CII - Southern Region, Mr. Chandrajit Banerjee, CII Director-
General, and Mr. Narayan Sethuramon, Vice Chairman, CII Tamil Nadu State Council.
The deteriorating macro-economic conditions and worsening growth out-
look cause widespread concern. It is essential therefore that measures
for economic revival, reforms and good governance are accorded the high-
est priority to get back to a high GDP growth trajectory, according to Mr.
Adi Godrej, President, Confederation of Indian Industry (CII).