Industry bodies express displeasure over FIR against KM Birla in CoalGate
Key industry bodies like FICCI and CII have expressed their displeasure over the manner FIR is being filed against industrialist Kumar Mangalam Birla in CoalGate. FICCI president in a statement said that capable and highly regarded officers and business leaders cannot be made scapegoats of mere suspicion and misconstrued actions. The CII said that creation of an atmosphere of fear is not desirable.
strongly reacting to the case being registered by the CBI against
Kumar Mangalam Birla, Chairman, Aditya Birla Group CII president Kris
Gopalkrishnan in a statement said “while it is absolutely within
CBI’s rights to proceed against any person to ensure that the law
of the land is preserved, irrespective of the stature of the person,
it is desirable to ensure that all facts of the case are laid upfront
before proceeding against respected and reputed individuals."
on the underlying issue of allocation of natural resources, the CII
has said that there is no one method which applies to all natural
resources, when it comes to pricing and allocation. However, every
effort must be made to ensure that the process followed for a
particular kind of natural resource ensures that there is no human
discretion possible, even while ensuring that the national interests
are given supremacy. The process of coal block allocation has to be
such that there is no scope for discretionary decision making.
of institutions and individuals take years to build and therefore,
extreme caution needs to be exercised before any action is taken,
which jeopardizes reputation that institutions and individuals build
for themselves," added Gopalakrishnan.
President Naina Lal Kidwai in a statement said, “ In the recent
past, we have been witness to some very unfortunate developments. We
find that cases are being registered against top bureaucrats and
industry icons. It goes without saying that such developments dent
the national psyche and also dampen investor confidence; both
domestic and foreign.
added that there was also a feeling that with repeated episodes of a
trust deficit between Industry and Government, the business sentiment
and the investment environment would be vitiated and India could slip
further from the growth trajectory that is so necessary for us to
FICCI said that there was a need for a conducive
environment for businesses to grow and recent events in India
highlight the ever pressing need for a constructive dialogue and
engagement between Industry and Government failing which there will
be a negative environment which will affect decision making and