India Inc on Monday exuded confidence that the United Progressive Allaince government would sail through the confidence motion and complete its reform agenda during the remaining part of its term.
"The UPA government will sail through the confidence motion and emerge victorious to hasten its unfinished reforms in areas of pension, insurance, civil aviation and even labour," say majority of 400 CEOs surveyed by apex industry body Assocham.
Only 112 CEOs were not too confident to conclude that the confidence motion would be taken to a logical conclusion in view of conflicting reports emanating from various political parties, Assocham said.
With the signing of the nuclear agreement, investments to the tune of $40 billion can be generated in field of nuclear energy in the country as leading industrialists have already started negotiations with their prospective counterparts to produce nuclear power, the survey said.
A majority of CEOs opined that government would allow private players to make foray into nuclear power generations.
The CEOs, who were confident of UPA winning the confidence vote, argued the N-deal was in the interest of the nation and a good sense would prevail among majority of MPs, Assocham President Sajjan Jindal said.
Among those CEOs, who did not foresee the motion being smoothly sailed on Tuesday, nearly 65 of them are in favour of signing nuclear civil cooperation.
The chamber holds the view that if the vote of confidence is defeated, possibilities of huge inflow of investments into nuclear energy sector would fizzle out, Jindal said, adding Assocham also believes that the nuclear agreement will reduce India's growing dependence on crude oil and gas.
With the deal in place, India's nuclear scientists would transcend global borders to reach out to nuclear laboratories to update their understanding of the subject and invent newer technologies, the chamber said.
The survey found that any opposition to Indo-US civil nuclear agreement would send wrong signals to investors and hamper India's plans for consistently scoring double digit growth.
