Rahul Bajaj, Chairman of Bajaj and Member of Congress was a keynote speaker at Conclave, a part of the recently concluded L’Attitude 13′ 05. It was a sheer pleasure hearing him speak.
A couple of points touched by him were:
- Reforms need to be speeded up to bring prosperity to Indians. We need to focus on intrastrcuture, health and education.
- Good corporate governance is going to be a law whether businesses like it or not.
- There are still discretionary areas with the government which gives rise to corruption.
- “I am for the underprivileged and the Dalits” he said, “But I voted against the reservation bill in Parliament because what they need is high quality primary education to compete on merit”
- He was sceptical of a one lakh car project by the Tatas and said by the time it reaches the consumer it could probably be one and a half lakh rupees. He dismissed the suggestion that it could be a threat to the two wheeler market. He also added that Bajaj would enter the four wheeler segment in the LCV segment by 2008.
- He also asked the students to work so that not only India is the second or third largest economy in the world but also focus on metrics like per capital income and reduce the 30% population who live on less than a dollar a day to negligible.
- He was categorical that not everyone needs to do a masters degree to add to the mass of over educated and underemployed people, but that people who get second and third class in bachelor’s degrees should get into vocational training and add employable skills.
It was a pleasure having him over!