New Delhi: The RPG Chairman, Sanjiv Goenka, today, dismissed the statement of Rahul Bajaj, who said that there was a atmosphere of fear in the country. Goenka stressed that there is no fear among the industrialists. He also went to laud the Modi government for actually reaching out to the common man like no other government has done before.
RP-Sanjiv Goenka Group Chairman, Sanjiv Goenka, was speaking at India Today Enclave 2019, when he refuted Bajaj’s statement against the central government.
Goenka said, “I disagree with what Rahul Bajaj said. He is entitled to his own views and I am entitled to mine. I don’t know why he said what he did but I actually believe that there is no such thing.”
About the current slowdown in the economy and why the industrialists are not investing, he remarked, “The Indian industry invested very fiercely 4-5 years ago and almost all of us created huge capacities in anticipation of a 10 per cent, 9 per cent growth in the GDP. The demand has not quite grown to that extent and therefore the capacity utilization is not at its fullest.”
“It does not make sense to invest in fresh capacity when you have the under-utilised capacity. I think it’s going to take a year or 18 months before capacity utilisation catches up and then you can see the capacity utilization growing up again.”
Sanjiv Goenka also spoke highly of Modi government and the structural changes brought by the government. He said that the government was reaching out to the common man like no other. There is will and determination in the government to bring out structural change.
Goenka said “For the first time in several years, I see the will and the determination to do a structural change. In the past, it was pretty much the way it was. For the first time, I see changes at different levels. This government is actually reaching out to the aam aadmi like no other government has.”
“Someone has told me that the BJP would win the elections hands down as the common man, the common woman, in fact, is feeling that dignity is preserved with the toilets. There are huge social structural changes, corporate structural changes that this government is doing.”
