If the government wants us to hire workers from tomorrow it would not be possible for us to do it," Dhoot said when asked in an interview by private TV channel that if he had differences with the government regarding the macro-economic issues like labour policy and affirmative action.
Dhoot, who is also the Chairman of Videocon Group, pitched for labour reforms and said government must initiate steps in this regard despite its constraints.
"I guess this government has some limitations but that does not take away the fact that there is a need for labour reforms in the country," he said.
Pointing out the labour environment in China, Dhoot said one of the major reasons behind India's lacklustre performance as compared to China is lack of flexibility in labour policy.
"You go to China and set up a factory today and close it tomorrow, hire labour today and shed it tomorrow. This is the labour environment there," he said.
"We do not want such flexibility because we are a socialist country, he said.
"We have the best of democracy, best of judiciary, and best of talent pool and yet China stays ahead of us because the labour policy there is flexible," he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
