Collaboration between industries must: Ratan Tata

Tata Sons' chairman emeritus Rata Tata Tuesday called for cooperation and collaboration between industries, and also urged them to collaborate with the government proactively.

In his acceptance speech after receiving the MMA Amalgamations Business Leadership Award 2014 given by the Madras Management Association (MMA), Tata said Indian industries should be more compatible, trusting and collaborative with each other.

He said Indian business pull each other down, but elsewhere in the world one can see business is being pulled together.

Recalling his years in business, Tata said it was difficult to get 20 business leaders in a room to talk other than about their companies, or to take a stand as a whole on an issue.

Tata said if one does the right thing and operates with the right value system, then one need not feel incapable of leading any business outside India.

According to him, government and corporates have the joint task of moving the nation forward by giving equal opportunities to the people.

Referring to China, Tata said both India and China have similar population size.

He wondered what stops Indian companies from reaching the scale and size of Chinese companies.

Tata said the government should facilitate conditions for that, like removing differences in carrying out small and big business.