Killing of Italian firm CEO unfortunate: Kamal Nath

September 24th, 2008 - 5:31 pm ICT by IANS  

New Delhi, Sep 24 (IANS) India’s Commerce and Industry Minister Kamal Nath Wednesday termed the killing of an Italian firm’s chief executive officer “unfortunate” and hoped it would not mar the country’s “destination friendly” image.“The violence at Greater Noida-based multinational company Cerlikon-Graziano Transmissions India Pvt. Ltd, is unfortunate and completely at variance from the Indian culture and tradition of peace,” Kamal Nath said in a statement here.

“This stray tragic occurrence would not be allowed to mar India’s position as an investment-friendly destination where our states compete with each other to be investor-friendly,” he added.

A mob of around 150 retrenched employees lynched Cerlikon-Graziano CEO L.K. Choudhary Sep 22 afternoon in the company premises.

Condemning the incident, Kamal Nath said: “In our society, labour unrest has abundant legal forms of expression as also the pursuance of grievances.”

“This terrible incident is very unfortunate and we strongly condemn it. The legal course will be followed and all culprits brought to book,” said the minister.

India’s Labour and Employment Minister Oscar Fernandes Tuesday had also expressed anguish over the incident, and had advised the firms to be careful while retrenching employees.

Greater Noida, some 40-km away from Indian capital is an industrial township developed by Uttar Pradesh government to attract leading global and domestic firms to set up their units.

According to an estimate of the Prime Minister’s Economic Advisory Council (EAC), India is likely to attract foreign investment of $23.8 billion in the current fiscal.

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