Naidu, while addressing students of Indian School of Business (ISB) here, said, the NDA government is committed to protecting the public sector units and at the same time would encourage private sector participation in India's growth story.
"We are following a particular model so far - Soviet model of Socialism - which proved to be not harmonious with the Indian situation. Now, we are changing our approach.
"Freebies (free power to public) can no longer take the country forward. We are trying to be populistic like (offering) free power," he said, while talking about the implementation of 'Smart Cities' project.
"We are focusing on the 'ease of doing business' and removing the obstacles that are there in the business. We have no problems in giving necessary concessions, also so that the business grows and then value is added and employment is created," he asserted.
"Earlier, the slogan was Automation is anti-nation. Government gives priority to business and to the industry and removed all obstruction. Reforms are also need of the hour," the senior leader said.
"Now, public sector is also made accountable. If you don't perform and then you have to go on giving salaries (to the employees of those loss making PSUs), that is not possible. Of course, they should be given the comfort. We got to protect the public sector and at the same time encourage private sector," he said.
Meanwhile, in an apparent dig at Pakistan, he claimed, "our neighbour is abetting, funding and training terrorism without any hesitation."
He also requested political parties not to use the issues pertaining to Dalits for political advantages and categorically stated that law and order is state subject.
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