Obama win: India Inc happy - flags IT

Nov 07 2012, 14:04 IST
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SummaryLeaders of India Inc today welcomed the re-election of Barack Obama.

Romney would have been better for India as they are little bit open. Obama is more protectionist and we hope that it will change."

Jindal Steel and Power Ltd Chairman Naveen Jindal said Obama has a lot of rebuilding to do to drive the economy as well as handling the situation after the superstorm Sandy.

On outsourcing, he said: "These issues will take time to settle down. They have reason to oppose against outsourcing and that will take time to rectify. I am optimistic about India-US relationship. Both the countries have respect for each other."

Infosys Executive Co-Chairman S Gopalakrishnan expressed the hope that normal business course would resume with Obama's re-election, which provides continuity.

"It continues to provide an opportunity for us to work with the new administration. So, as a country, we should look forward... There is a shortage of skilled people (in the US). So the normal course of business would revert," he added.

Videocon Industries Managing Director Rajkumar Dhoot said Obama's election is good news for India and with him "coming in we can try to bring in more investments to India".

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