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Removing excise concession will be a negative step: R.C. Bhargava

Removing excise concession will be a negative step: R.C. Bhargava

Now, Narendra Modi will have a complete mandate from people to deliver whatever he has been promising. It is after a long time that any political party has reached this position of having an absolute majority on its own.

Manu Kaushik
  • Updated May 16, 2014 1:49 PM IST
Removing excise concession will be a negative step: R.C. BhargavaMaruti Suzuki India Chairman R C Bhargava <em>Photo: Reuters</em>

I think the real positive here is that we are going to have a stable government. There is no question of any coalition holding decisions back. Now, Narendra Modi will have a complete mandate from people to deliver whatever he has been promising. It is after a long time that any political party has reached this position of having an absolute majority on its own.

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I think Modi has always spelt out his priorities. I don't think what he has set out as a programme calls for any disagreement or amendment. He has talked about development, job creation, moving manufacturing to a much faster rate of growth, and providing good governance in the country. Whatever is required to achieve all these will be his priority.

I think at this moment the auto sector is in such shape that removing the excise concession given few months ago will be a negative step. So, I hope the concession will continue.

Maruti Suzuki is setting up a plant in Gujarat. I don't think things will change for us as far as that plant is concerned. The location was selected for various reasons, including our export potential from that plant, and favourable conditions of work that exists in Gujarat.

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Published on: May 16, 2014 1:43 PM IST
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