CII lauds government’s actions in West Asia crisis

New Delhi: The Confederation of Indian Industry (CII), a leading industry body, on Sunday praised the government’s swift, coordinated, and thoughtful response to the challenges posed by the West Asia crisis and laid out a 12-point agenda for India Inc. to address these challenges. CII Director General Chandrajit Banerjee said, “While policy responses have mitigated immediate risks, the evolving situation requires continued coordination between the government and industry.”

In an official statement, the industry lobby outlined some actions that the industry can consider in the current situation. However, Banerjee said the policy approach has rightly focused on maintaining production continuity and supporting viable enterprises. He added, “In the next phase, the industry will have to build on this foundation with practical and responsible actions.”

Throughout the action, CII focused on the industry working with the government to create strategic reserves and buffer mechanisms for essential raw materials, fuel, and intermediate goods. CII stated, “Working together on stockholding, shared infrastructure, and improved data visibility can significantly strengthen the country’s preparedness for future challenges.” Banerjee also emphasized that the government’s response has been timely, thoughtful, and reassuring. This reflects the government’s holistic approach, which has focused on keeping supply chains running, supporting exporters, protecting households, and maintaining macroeconomic stability. The industry highly appreciates both this intent and action.

He said, “These measures have helped control inflationary pressures, maintain industrial activity, and build confidence in a time of global uncertainty, while also supporting jobs and livelihoods across sectors. CII observed that the current situation reflects supply-side disruptions, with pressures being transmitted through energy costs, logistics, and the working capital cycle.”

He further said, “The government has put in place a robust framework. This can be accomplished by ensuring industry continuity, supporting small enterprises, and maintaining confidence in the overall economy. Such a coordinated approach will help India navigate the current situation and provide long-term strength.”