Peeved at hurdles being faced by his company to launch its quadri-cycle in India, industrialist Rajiv Bajaj on Thursday said stifling of innovation by regulatory agencies will turn RsMade in India’ into RsMad in India’, taking potshots at the Centre’s flagship manufacturing initiative.
“If your innovation in the country depends on the Government approval or the judicial process, it will not be a case of ‘Made in India’, but ‘Mad in India’. After five years, we are still waiting for permission to sell our four- wheeler in the country,” the Managing Director of Bajaj Auto told a gathering of IT industry executives here.
Stating the quadri-cycle is being sold across countriesin Europe, Asia and latin America, Bajaj wondered why a vehicle which is cleaner, fuel-efficient, safer and whose benefits are as “obvious as daylight”, is facing troubles.
“This is the only country that has not given us permission to sell this vehicles. Because for some reason it thinks if four-wheeler is worse, let people continue on three- wheeler,” Bajaj said.
It can be noted the Pune-based auto major, the largest three-wheeler maker in the world, has faced multiple hurdles in launching the ambitious vehicle in the country.