The Confederation of Indian Industry (CII) has welcomed the rejig made in the Union Cabinet by the Prime Minister Narendra Modi. “Prime Minister Narendra Modi has carried out a carefully strategised ministerial reshuffle, aimed at imparting fresh impetus to India’s development process. The elevation of new cabinet ministers and induction of new ministers with independent charge in crucial infrastructure sectors is designed towards implementation and achievement of key targets,” said the CII president Shobana Kamineni.
Industry welcomes the new ideas and fresh action agendas that the new ministers will bring to their portfolios. At the same time, continuity too has been maintained in the council. “Overall, the direction of the reshuffle inspires confidence that the path of reforms, ease of doing business and timely implementation will continue to be top priority. This is vital at time when the GDP growth has been flagging,” added Kamineni.
The Government has undertaken various reforms such as Goods and Services Tax (GST), tackling non-performing assets, introducing the Insolvency and Bankruptcy Code, and placing huge emphasis on transport and power infrastructure. CII appreciates the proactive development policies of the last three years. In coming years, CII expects that the reform process will continue as per the vision outlined by the PM to create jobs, boost investments and transform the country, the confederation said in a statement.