Sunday, February 5, 2023
Indian Drives
No Result
View All Result
No Result
View All Result
Indian Drives
No Result
View All Result
Home Latest News

Noted industrialist Rahul Bajaj calls for lesser government regulations, warns stifling of growth

by indiandrives
in Latest News
0 0
0

India’s celebrated industrialist, the owner of one of India’s largest automobile manufacturer, Mr. Rahul Bajaj has asked the central government, not to shackle the industry and have some faith in it. He was reportedly upset by the government’s excessive and unnecessary regulations.

In the recent turmoil over governance deficit and multitudes of scam, implicating senior leaders, raised by many well-known industrialists, chairman of Bajaj Auto was of the view that generalizing of the entire population should not be done. He was of the belief that the federal government should have a more trust-based relationship with the corporate world, since by virtue many of these businesses are done in good-faith. He further warned that due to some rotten apples the government is trying to paint every corporate house with the same brush by shackling them with unnecessary regulations.

Talking with representatives of the CII (Confederation of Indian Industries), Mr. Bajaj said that exceeding the desired level of regulation has the potential to act as a brake for the growth in the sector. The Indian automobile sector has still not grown enough  to take advantages of the economy of scale and has still got many things to catch up vis-à-vis global automakers that any excessive regulation will prohibit the industry to reach the zenith of its potential.

He further said that Indian companies are not against regulations per se, but stressed that innovation and entrepreneurship should not be regularized and there should be an atmosphere of trust. Giving a real-time example of Bajaj motors itself, he detailed the gathering about the independent director’s role that they would certainly not permit the management board to do anything untoward and put at the stake the company’s reputation.

On the other hand independent directors also will put at stake their reputation by letting Mr. Bajaj have a free reign over the company’s affairs. He further said that in the first place they will not jeopardize their reputation by letting him do as he wishes, but if he persists then for sure they will leave the company, and everybody will ask tough questions when no less than 3 directors leave the company at the same time.

Tags: Bajaj AutoConfederation of Indian IndustriesRahul Bajaj
Previous Post

Renault is all set to unleash itself in the Indian market

Next Post

New variants of Prius to hit US market, India on hold

Next Post

New variants of Prius to hit US market, India on hold

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

  • Useful And Essential Car Accessories To Have For Your New Car
  • 10 Most Fuel Efficient Cars In India
  • What To Do If Your Car Breaks Down In The Middle Of Nowhere
  • 18 Things To Keep In Your Car – Car Essentials
  • 10 Useful Tips For Car Owners

Archives

Categories

No Result
View All Result
Indiandrives.com

© 2021-2022 Indian Drives

Navigate Site

  • Auto Expo 2020
  • Aston Martin
  • Audi
  • Bentley
  • BMW
  • Buyers Guide
  • Car Comparison
  • Chevrolet
  • Driving Tips
  • Events
  • Featured
  • Ferrari
  • Fiat
  • Force
  • Ford
  • Great Wall Motors
  • Harley Davidson
  • Honda
  • Hyundai
  • Isuzu
  • Jaguar
  • Kia
  • Koenigsegg
  • KTM
  • Lamborghini
  • Latest Cars
  • Latest News
  • Lexus
  • Mahindra
  • Maruti Suzuki
  • Maserati
  • Mercedes Benz
  • MG Motor
  • Mitsubishi
  • New Car Reviews
  • Nissan
  • Peugeot
  • Porsche
  • Range Rover
  • Renault
  • Rolls Royce
  • Skoda
  • Tata
  • Test Drive
  • Auto Expo 2020
  • Toyota
  • Kia
  • Upcoming Cars
  • MG Motor
  • Used Car Reviews
  • Volkswagen
  • KTM
  • Volvo
  • Isuzu
  • Harley Davidson
  • MG
  • Great Wall Motors

Follow Us

No Result
View All Result

© 2021-2022 Indian Drives

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In