Apr 06, 2012, 01.06 PM | Source: CNBC-TV18
Hero MotoCorp's Sunil Munjal is not happy with the government's decision of a retrospective amendment to the IT act.
“The government has given its logic and reasoning by saying that they have not made any change, just a clarification on what the original intent was. But it’s clear that in the mind of investors that's not good enough,” he said.
He further adds this move has created nervousness in the investor community, making them hesitant to put their money in India.
According to Munjal, labour laws need to be relooked so as to kick-start growth. “We need to do three or four things which will help us to accelerate and create some more growth, and clearly labour law is one of them,” he said.
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