Inherent jealousy keeps Indians down: Tata

Tags: News
Despite having all the necessary “ingredients” to become a superior business power, Indians lag behind only because of inherent jealousies, said Ratan Tata, chairman emeritus of Tata Sons. He was conferred the Madras Management Association Amalgamations Business Leadership Award 2014, here on Tuesday.

“The Indian business world seems to thrive on envy and frowns upon success. The net result is that we tend to pull each other down. In all my years in business, it has been extremely difficult to get 20 business leaders in a room to talk about anything beyond their own companies. We don’t come together for the larger cause, for the sake of making India successful.

“How many collaborations have we seen among Indian companies as you see against that in the rest of the world? How many partnerships have we seen among Indian companies against what we see in the world?” he quipped.

This is why we have not been able to project a proud “Brand India” compared to a “Brand Japan” or “Brand Switzerland”, he said. However, Indians have all the ingredients for it. But it has to do with acknowledging companies for their success and crediting them for what they have achieved, he said.

“We don’t have to learn from the Western world. On the contrary, we should be leading from the front. Our success in domestic e-retailing could be an example. Some players are shaping up well though they are following Amazon’s steps. We can lead if we are committed.”

On the manufacturing front, China is no threat to Indian industry, he said. China and India have similar demographics and if Chinese industry can thrive given its population, what stands in the way of Indians to produce what they want, he questioned.

In the absence of the licence system like in the past, Indians have no hurdles stopping them, he said. We should not be fearful of the Chinese; businesses should move forward with only growth in mind. The government should put up the necessary infrastructure in place to support businesses, he said.

shyamalaseetharaman@mydigitalfc.com

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India must follow China on its path to the future

    There are many theories, real and imagined, doing the rounds in the national and international media about Barack Obama’s overtures to ‘rebalance

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Will the adventurous UGC succeed?

The impact of the Modi government on the education sector ...

Zehra Naqvi

The urge to tell stories

One wants to tell a story, like Scheherzade, in order ...

Dharmendra Khandal

Don’t interfere with nature

Just before we celebrated the news of tiger numbers swelling, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture