Welcoming the agreement reached between the government and the movement being led by Anna Hazare, Confederation of Indian Industry (CII) President Hari Bhartia said that the CII has always stood for integrity, transparency and clean conduct of every transaction that happens in the country.
Giving primacy to the issue, CII has also set up a Special Committee under the Chairmanship of Adi Godrej, Chairman, Godrej Group to ensure that Indian industry can be galvanized on this issue to ensure that the Industry can do its part in ensuring that corruption is dealt with comprehensively in the country. CII stands firm on fight against corruption and therefore, welcomes the developments of the last one week, Bhartia said.
Echoing his thoughts, B Muthuraman, President – Designate, CII said that there are examples within the Indian corporate sector of how businesses can be conducted without having to succumb to the pressures of resorting to unfair and corrupt practices, and yet be competitive. He said that it is fortunate that in India there are enough people within and outside the government, industry and civil society, who recognize corruption as being the single largest scourge affecting the country and therefore, a cathartic movement is taking place with spontaneous support from all sections of society.
Muthuraman added that it is indeed fortunate that India is recognizing the issue in time for it to be dealt with. This is in a way better than what the situation is in many developed and emerging economies, which seem to be in denial.