The Confederation of Indian Industry termed the nationwide one day Strike, called by 10 Trade Unions today, as disruptive and uncalled for. 

While as per feedback received from industry, the impact of the strike has been partial, the real concern is that the image of India as an attractive business destination could take a beating. The Indian economy cannot afford such disruptions and all constituents are required to work together to take the country forward.  “We, in CII, earnestly appeal to Trade Unions to resolve all pending issues through dialogue and discussion,” said Mr. Sumit Mazumder, President,  CII.  

The suspension of work in the banks could hamper banking transactions which are crucial for the conduct of business operations especially in areas which are serviced by branch banking operations, the CII release said. 

CII strongly believes that labour law reforms are crucial and important to create a conducive environment for investments and employment generation in the country.  CII fully supports the process of tripartite consultation adopted by the Government and sincerely hopes that all concerned will amicably resolve their differences through a consultative process. 

Mr Mazumder said that, “The current Government has performed well on economic parameters and given the prevailing constraints, it is still trying to do its best. For every problem an amicable solution can be reached through mutual discussions but resorting to such means like strike / bandh will be detrimental for the growth of the economy, particularly when the country is facing the heat of global economic turbulence”. 

2 September 2015
New Delhi