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.


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