Industry demands stringent laws against terrorism

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Mumbai, Nov 27 (UNI) Expressing shock over last night terrorist attack in the financial capital that claimed over 100 lives, Corporate India today demanded stringent laws along with stronger leadership to combat terrorism.

Heads of various commercial institutions have stressed on the need to frame strict laws to fight such attacks, which might weaken the Indian economy.

While HDFC chairman Deepak Parekh said such incidents are bad for investor's confidence, Maharashtra Chamber of Commerce Industry (MCCI) president Eknath Thakur told UNI, ''It is high time we all join the debate on combating terrorism and demand stronger and firmer leadership to resolve this global threat.'' The Indian traders have so far remained mute spectators to the whole issue but it is high time that they enter the debate on terrorism demanding tougher anti-terror laws, he added.

Mr Thakur further said that the attack clearly showed that no financial institutions, including hotel industry, was safe.

Meanwhile, Indian Merchants Chamber (IMC) former president Nanik Rupani stated that the city has faced such attacks earlier and was confident to bounce back.

He also informed that the equity market, which showed an upward trend in the last two days, rendered huge loss after the attack. ''Several industries across the state were shut down.

This is a huge loss for the Indian economy,'' he pointed out.

UNI AR PP AG1531

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