A strong and decisive NDA Government, to be led by Narendra Modi, would be a big boost to India’s manufacturing sector that is crucial for exports and which is crying for some big bang decisions, Chairman of the Engineering Export Promotion Council India, Anupam Shah, said.
"We expect that the Modi Government would be able to take some bold decisions regarding labour reforms, which will ultimately benefit the Indian workforce and create new employment. We also expect a significant improvement in quality of governance, that would in turn reduce the transaction cost of Indian exporters and make them competitive in the world,'' Shah said.
The chairman of the apex body of engineering exports said Indian exports , with 45 per cent contributions from the MSME sector, have been languishing for the last few years, and that they expect some key decisions from the new government in the coming foreign trade policy.
Sandeep Ghosh, CEO, Bharti AXA Life Insurance , said: ``A strong Government at the Centre would help in pushing through long pending policy decisions around FDI, taxation and long term investments.''