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CPI, CPM say investors cannot ignore India

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Press Trust of India New Delhi
 Reacting to strong criticism from industries and chambers of business, the left parties brushed aside figures circulating about losses incurred by India Inc, and sought to counter claims that such work stoppages would spurn investors.

 "It is absurd to say strikes scare away investors. India cannot be ignored. They (investors) know that there is a big market out here," D Raja, national secretary of CPI, said.

 "Every time there is workers' unrest like the incident in Gurgaon a few months back or the strike last week, the industry tries to scare the left parties by raising the bogey of investors. They cannot scare us," he added.

 Tapan Sen, a leader of Centre of Indian Trade Unions (CITU), the trade union wing of CPM, which was one of the unions that called for the strike, noted: "Striking workers hijacked a ship in France, one of the largest FDI recipients. Even that has not stopped new investment flows into that country. So, saying that strikes would spurn investments is a bogus proposition."

  

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First Published: Oct 04 2005 | 3:58 PM IST

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