Government took several steps for the auto sector in nine years, now the industry needs to take initiative: Bhargava
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Along with this, he said that a lot still needs to be done. He was asked what the industry should do to take advantage of the opportunity that India’s G-20 presidency has provided.
New Delhi. The government has taken several steps during the last nine years to address the issues being faced by the auto sector and it is now the responsibility of the industry to respond accordingly. RC Bhargava, chairman of the country’s leading car company Maruti Suzuki India (MSI), has said this. Bhargava said that to grow fast and become globally competitive, Indian industry has to look at itself. He has to see what more can be done to improve overall efficiency, productivity and cost control.
He said, “What the government is doing in the last nine-10 years has created a huge opportunity for the Indian industry. In such a situation, many problems coming in the way of the industry have been resolved in the past. ”However, at the same time, he said that a lot more needs to be done. He was asked what the industry should do to take advantage of the opportunity that India’s G-20 presidency has provided.
Bhargava further added, “I think Indian industry now needs to accept that it cannot always blame the government for not growing up fast and becoming globally competitive. Indian industry will also have to look at itself and see what it can do to improve its overall efficiency, productivity and cost control.” He said there is a limit to what the government can do.
He said, “Indian industry needs to match what the government has done, because we cannot move forward depending on the government alone. How much can the government do? It cannot run our factories.” The National Democratic Alliance (NDA) government led by Prime Minister Narendra Modi has taken several initiatives in the recent past. These include steps like furthering ease of doing business, promoting ‘Make in India’, Production Linked Incentive (PLI) scheme and reduction in corporate tax rate.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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