Bajaj Auto chairman Rahul Bajaj has said that IITs are the only Indian brand to gain global recognition and expressed hope that products manufactured in the country would be widely accepted throughout the world in future.
"The Indian Institute of Technologies (IITs) are our only brand to have gained global recognition. Tatas may have brought the Jaguar... but for us, IITs are the only brand which has gained worldwide recognition", he said.
"I hope that in future, Indian products would be widely accepted throughout the world," he said, after inaugurating facilities for students of Great Lake Institute of Management at Manamai village, about 63 km from in Chennai on Friday.
He stressed the need to take steps to provide jobs in the manufacturing sector, where there are many opportunities. "We not only need to grow, but also be able to compete with other developing countries".
Bajaj expressed concern over the low per capita income in India, which stands at $1,000 compared to USA, where it is $4,000 and said poverty should be eradicated and the minimum needs of an individual taken care of.
Later, Rahul Bajaj and his brother Mathur Bajaj, Vice Chairman of the company formally inaugurated an amphitheatre, a cafeteria and a student activity centre.