INDUSTRY VIEW - Govt wins confidence vote
NEW DELHI (Reuters) - Prime Minister Manmohan Singh's government won a vote of confidence in parliament on Tuesday, ensuring the immediate survival of the ruling coalition and a civilian nuclear deal with the United States.
The government won 275 votes against 256 for the opposition, the parliamentary speaker Somnath Chatterjee announced.
RAJESH JAIN, CHAIRMAN AND MD, EMCO LTD
"It is good. We will however have to wait for the next 30-60 days to find out what compromises they have made with the new coalition partners. Only then we will be able to gauge the pace of reforms. They appear to be investment-friendly but still we have to wait and see."
RAMESH CHANDAK, MANAGING DIRECTOR, KEC INTERNATIONAL LTD:
"The overall situation looks positive, the government will continue and there will be no elections for now. There are many other countries waiting to supply fuel.
"Initially, we expect 10,000 MW capacity to come up. It takes 4-5 years for the power plant, but equipment orders are placed earlier. So, in about 2-3 years time, we should see the first orders flow in for transmission equipment companies." Continued...
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