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Most CEOs expect govt to win trust vote - survey

Mon Jul 21, 2008 4:00pm IST
 
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NEW DELHI (Reuters) - A majority of chief executives of Indian companies expect the Congress party-led coalition government to win the vote of confidence in parliament on a proposed civil nuclear deal, a survey said on Monday.

The Associated Chambers of Commerce and Industry (ASSOCHAM) said 72 percent of the 400 CEOs polled expected the government would also speed up unfinished reforms in pension, insurance and civil aviation sectors, and even labour reforms, if it wins Tuesday's vote.

Once the civil nuclear deal is signed, India could attract $40 billion worth of investment in 15 years in nuclear energy as leading industrialists have already commenced negotiations for joint venture agreements with prospective counterparts, it added.

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