September 25, 2014 1:13 PM

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Industry tycoons have hailed the Make In India campaign initiated by the Modi led NDA government. Speaking at the launch of Make In India campaign in New Delhi today, Tata Group Chairman Cyrus Mistry said that there is need to reform labour laws in the country and Tata group is committed to invest in India. He also said that India has two strategic advantages including dividend of human capital and consumer market which can afford scale and growth in economy. Reliance Industries chairman Mukesh Ambani said, India must succeed in the campaign for global competitiveness. He said, implementation of Goods and Services Tax will make India single market and strengthen the overall programme. ICICI Bank chief, Chanda Kochhar said that manufacturing will enhance country's macro-economic stability besides creating jobs. She said Prime Minister's vision is inspiring and the campaign will be the next growth driver for India.ITC Chairman Y C Deveshwa has also endorsed the government initiative and said that Indian industry is inspired by this vision and it will be the next growth drive for India. He also said that problems of inflation, unemployment can be resolved through domestic manufacturing. Chairman of Aditya Birla Group, Kumar Mangalam Birla also emphasized on manufacturing sector and said that there is lot to do in this sector and the country needs one million jobs every year in the near future.

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