AnantS
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- Jan 10, 2013
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Mate private sector esp Indian private sector wont plough money into R&D. If they deem contract to be lucrative enough they may purchase an defunct assembly line outside India/or design from outside,but thats about it. Untill this start giving them regular profits.What i like about private sector over PSU is that
- A private sector company ll have that greed to earn money . They ll strive for export and maintaining quality .
- private sector is bound to be efficient otherwise they ll loose money .
- They dont have luxury of doing R&D for the sake of it at tax payer money . Wherever they ll invest it ll result in final product in a fixed period of time .
- Employee accountability and reward for performing good . You dont need to wait for promotion and be brilliant at the same time . If you are exceptional they ll hire you with whatever package . Flexibility in hiring .. Dont need to sit in exam . If you are good they ll find you based on your experience , project you have worked on or through campus placement .
- Difficult to sabotage or cause delay by someone as its your money , your IP .
Just a observation . forgive if i insulted any commie friend .
Public sector have screwed no doubt, but private is no saint.
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