Top industrialist Rajiv Bajaj mocked the World Economic Forum in Davos on Tuesday, saying the annual power bash in the Swiss Alps was the source of half the world's problems.
Rajiv Bajaj, the managing director of leading motorbike manufacturer Bajaj Auto, said he would reluctantly travel to the exclusive ski resort for the meeting for the first time later this month.
"I think half the problems start from the World Economic Forum," the no-nonsense executive told reporters at a product launch in New Delhi when asked about the glitzy January 25-29 meeting.
He said he was a believer in the power of engineering to solve problems, not the sort of "top-down globalisation" espoused by world leaders and businessmen in Davos.
He acknowledged that his father Rahul Bajaj, chairman of the Bajaj Group conglomerate, had been a regular at Davos over the last decades.
India had a huge presence at last year's Davos, including Sunil Mittal, head of Bharti Enterprises and Azim Premji, chairman of Indian software major Wipro.