Tata Group chief Cyrus Mistry meets Prime Minister Modi

Tags: News
Tata Group Chairman Cyrus Mistry today met Prime Minister Narendra Modi, whose government is working to reboot the economy.

The meeting was a courtesy call by Mistry, according to sources.

The Modi government, which was sworn in on May 26, has identified as "paramount" the need to put the Indian economy back on track.

Tata Group Chairman Emeritus Ratan Tata and his successor at the salt-to-software group Mistry, who had been invited to the swearing in, were unable to attend as they were travelling abroad.

Mistry took over as head of the USD 96.79 billion diversified conglomerate in December 2012.

In order to usher the Indian economy into a high growth path, the government had stated that it would work to rein in inflation, reignite the investment cycle, accelerate job creation and restore the confidence of the domestic and international community.

Ahead of the Budget, industry leaders met Finance Minister Arun Jaitley last week, pitching for a conducive tax environment and a bold statement of economic reforms with a view to revive investor sentiment and promote growth.

India's economic growth remained below the 5 per cent mark for the second year in a row at 4.7 per cent in 2013-14. Industry has expressed hope of a rebound with a stable government headed by Modi, who is considered pro-business.

EDITORIAL OF THE DAY

  • Abrogating the Indus water treaty is bound to have multilateral implications

    The big question looming in the aftermath of the Uri attack is whether water-induced warfare could inflict bigger damage on our western neighbour than

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Telecom litigation now a matter of time

In the Reliance Jio and Cellular Operators Association of India ...

Rajgopal Nidamboor

Why vitamins?

Vitamins and minerals should be part of our wellness indemnity ...

Shona Adhikari

Where Bhupen Khakhar rubs shoulders with Georgia O'Keeffe

The next India Art Fair (IAF) is scheduled to take ...