Aug 28, 2014 01:28 PM IST | Source: CNBC-TV18

Address land acquisition woes next 100 days: Thermax

MS Unnikrishnan, managing director MD, Thermax, wants the government to address are more clearances in foreign direct investments and an easing of interest rates by addressing inflationary woes.

The Modi-led government has brought about a material sentimental turnaround in the country’s business circles and abroad, says MS Unnikrishnan, managing director MD, Thermax.

Speaking to CNBC-TV18 on his views on the government’s performance in the first 100 days, Unnikrishnan says there is now a strength of conviction in bureaucracy.

Unnikrishnan expects a revival to come in the fast moving consumer goods (FMCG), durables and autos soon and in that order itself.

“Commodities like steel, cement will pick up but in the second leg of revival,” he adds.

Next 100 days?

Unnikrishnan hopes the government can address the land acquisition issue soon.

“Land is needed for everything. I do hope the bill is being amended, as was hinted by rural development minister Nitin Gadkari,” he adds.

Among other issues, Unnikrishnan wants the government to address are more clearances in foreign direct investments and an easing of interest rates by addressing inflationary woes.

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