Highlighting the incentives given by other countries, the managing director of Apollo Tyres said, “Hungary gave us incentives, the cost of labor is much more competitive, and then the cost of production becomes much easier.”
“And you know how the workforce in the UK is.They hardly work – they go to the pub,” he added.
Calling it a “policy issue,” the 52-year-old went on to say, “I think because of government policies, people can sit at home and get pensions, and they don’t need to work, and that’s a big policy issue.”
Employing around 18,000 workers globally, the company has a team of 30 in the UK who manage the corporate affairs of the company. However, it does have one of its innovation hubs in the UK, with the other one being in Hyderabad, the Daily Mail reported.
Kanwar, who also owns an Italian restaurant in London, has seven factories across the world, but the UK is yet to see one.
The company is a long-term sponsor of Manchester United.