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"We will spare no effort in getting to the bottom of this terrible scam and will take whatever measures are necessary on the basis of the findings," External Affairs Minister Pranab Mukherjee, who is also holding the finance portfolio, said at the Annual General Meeting of FICCI.
The government acted swiftly and is doing everything in the domain of investigations, protecting the livelihood of thousands of employees and restoring confidence among clients.
Without naming Satyam, he said this one single aberration does not undermine either the reputation of the Indian IT industry or the country's standing as an emerging trillion dollar economy with the second-highest growth rate among the major developing countries.
"The adverse fallout of the (wrong-doings) in a single company cannot be allowed to cast its shadow on the entire Indian IT industry worth 60 billion dollars," Mukherjee said.
Mukherjee said India is an attractive economic partner for the entire world with external trade of around 350 billion dollars and FDI of around 25 billion dollars per year.
"I remain confident that we will be able to attract more FDI and that FII flows will return to our markets because this is where growth is happening and profits can be made," he said.
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Mr Pranab Mukerjee if you and your party the congress are so sinciere Why dont you allow a non partisian team of officials to probe into the Satyam scam and it should be against the Chief Minister and a very powerful fund raiser for the congress Mr Y.S.R of Andhra Pradesh. Do you have the guts to do that will your HIGH COMMAND ALLOW you ??Dont fool the people . Mr Y.S .R is definately involved in the scam there is not doubt about it. Now act Mr Mukerjee . What happened after your visit to Sri Lanka all problems solved?????????????????????????
Pranab should remove CM of AP Dr. Raja sekhar Reddy the centre of all scams and frauds although he has blessings of Sonia Gandhi . Other wise India will lose credibility as Satyam is only tip of iceberg.Pranab need not wait for elections in AP. The new Govt. will expose and put these fraudsters to jail. But by that time India's reputation will be totally damaged. Better act now.
Yah give State Protection for the Fraud.Yaar who makes him Foreign mininster.We all know what a mess he created in Mumbai attack related issue.We have to take that strict action so that no body can ever think about disgracing us in front of all world.I am in IT industry an I know what effect have occurs after satyam issue on the confidence of Offshore Project Provider.