Government should not do business, government companies are not efficient: Maruti chairman

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Government should not do business, government companies are not efficient: Maruti chairman


Photo:PTI RC bhargava

Highlights

  • RC Bhargava, Chairman, Maruti Suzuki India said this
  • The truth is that companies run by the government are not efficient.
  • You can’t make industrial growth out of taxation

government should not do business, as the public sector companies are inefficient and cannot mobilize sufficient resources for their growth. RC Bhargava, Chairman, Maruti Suzuki India said this. He told in an interview that public sector companies need support all the time for growth and funding is needed from the government for capital investment. “I have no doubt that the government should not be in business. Under no circumstances. ,

Government companies are not efficient

He was asked whether the government should do business in view of his experience of turning the then state-owned Maruti Udyog Limited into Maruti Suzuki India Limited. Maruti Suzuki India Limited is now owned by Suzuki Motor Corporation of Japan. He further said, “The truth is that the companies run by the government are not efficient. They don’t have productivity. They do not generate profits. They do not mobilize resources. They don’t grow. They need the support of the government all the time for growth. should be created and wealth should not be wasted.

use of taxpayers’ money

He said taxpayers’ money is used to support public sector companies. Quoting the then Maruti Udyog Limited, he said that at that time we had to do many non-value added activities, which prevented the company from growing. Bhargava, however, said that the failure of the public sector did not happen only in India, but also in Russia, Britain, France and Japan.

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