Mumbai, March 1 -- As national elections near, Adi Godrej, chairman of Godrej Group, said the central government should fund political parties in order to bring transparency in campaign financing and curb corruption. "I am strong believer that political parties should be funded by the government as in many countries. Depending on private entities leads to unnecessary corruption and problems," he said. Godrej, 76, also holds strong views on business and taxation. "Can you imagine we have taxes for people who wanted to invest in startups? How ridiculous can this get!" he said, when asked about why India is not producing next generation of entrepreneurs. Edited excerpts:
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