Public sector firms can't have industrial growth from taxation: RC Bhargava

The government should not be running businesses as public sector companies are inefficient and do not generate enough resources to fund their own growth, according to Maruti Suzuki India Chairman R C Bhargava. Public sector companies need support all the time to grow and need funds from the government for capital investments, he told PTI in an interview. "I have no doubt that government should not be in business. No way," he said when asked if governments should be in the business of running enterprises on the basis of his experience of witnessing the transformation of the then government-owned Maruti Udyog Ltd to Maruti Suzuki India Ltd, majority owned by Japan's Suzuki Motor Corporation. He further said, "The fact of the matter is that companies run by the government are not efficient. They don't have productivity. They don't generate profit. They don't generate resources. They don't grow. They need government support all the time to grow." There are not many "public sector ...

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