Delhi election results: India Inc says looking forward to working with AAP, Arvind Kejriwal

Complementing the Aam Admi Party (AAP) for its landslide win in the Delhi state elections, Indian industry has said it looks forward to collaborating with the Arvind Kejriwal-led government in the national capital's development.

However, the stocks markets which have been on a roller coaster ride since Monday, witnessed volatility on Tuesday.

The Confederation of Indian Industry (CII) complimented AAP on its strong performance in Delhi state assembly elections.

"CII and the industry in Delhi is confident that the new government would be industry friendly and would strengthen Delhi's position both economically and socially," said Zubin Irani, chairman, CII Northern Region.

According to Irani, CII looks forward to work with the state leadership on a focussed agenda comprising of GST (Goods and Services Tax), skill development, promotion of the services sector, upgradation of industrial areas, green energy, water conservation and women's safety.

PHD Chamber of Commerce and Industry described the massive mandate in favour of AAP as a vote for clean politics and governance in which there is no elbowroom for corruption and appeasement.

PHD Chamber's president Alok B. Shriram said that Kejriwal-led AAP government in Delhi should make all possible attempts to provision for education, women safety, water, electricity, sanitation and host of other such issues as well as efforts for the industrial development of Delhi.

The industry body said that the capital city needs altogether new infrastructure, adequate water and power for its economic upliftment coupled with a cluster approach so that all its industrial pockets are revived to serve the emerging requirements of stakeholders.

Privately, industry leaders remained apprehensive over the policies the AAP government will pursue.

They also advised the AAP leadership not to indulge in an excessive exercise in giving out doles as such measures could prove counterproductive and promote lethargy in the system.

Industrialist Harsh Pati Singhania, too, congratulated Kejriwal for leading AAP to a landslide victory in Delhi assembly elections.

"His unhindered zest to project the issues of common man as his election motto has reaped rich dividends," Harsh Pati Singhania, director, JK Organisation and vice chairman and managing director, JK Paper said.

Top banker Deepak Parekh described the victory of AAP in Delhi's assembly elections as a "vote for change".

"It is a change for which the people of Delhi voted," Parekh, chairman of HDFC told reporters in Mumbai on the sidelines of an event.

According to Parekh, only time will tell how AAP delivers on its promises of cheaper power and access to water.