Indian businesses are hoping for a calmer real estate investment market and wider economy after a leading official called for “cordial relations” between managers and workers.
Union labour minister Oscar Fernandes stressed the need for harmony after two businessmen were subjected to brutal attacks in the space of a week.
Although neither men were property investment professionals, it was feared the sudden tension could threaten future projects in the local area and India as a whole.
Last Monday Lalit Kumar Choudhary, of Graziano Transmission in India, died after reportedly being set upon by ex-workers.
Then on Saturday Kashir Dwivedi, the 37-year-old boss of Expedience e-solutions India, was dragged from his car by a gang and hit on the head with an iron bar. He escaped with minor injuries. Both incidents took place in the Noida region.
According to the Associated Chamber of Commerce and Industry of India (Assocham), Mr Fernandes said:
“I do not want to overlook it and close my eyes to this reality.”
He also stressed the importance of cordial relationships between managers and workers to prevent further violence.
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