Tuesday, February 17, 2009

India Inc Gives Thumbs Down To Budget - Feb 17, 2009

The players from India Inc expected something more from the interim budget. Some showed displeasures while some a little more diplomatic in this season of elections.

According to Ajai Chowdhry, Chairman and CEO of HCL Info systems It was completely (a) non-event. It was (more a) political statement than (an) interim budget. There was nothing for any sector, forget about real estate.

On the other hand Sajjan Jindal, VC & MD of JSW Steel said, There was nothing for realty and auto sector where there were lots of expectations. From that point of view it is a very drab budget. There''s no excitement.

Malvinder Mohan Singh, CEO and MD of Ranbaxy Laboratories, said, It is very much on expected lines. It''s the right thing what the FM has done-pushing infra, job creation, focusing on the social sector are very critical.

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