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2015-01-02

Make in India to revive growth: Cyrus Mistry

Recent policy measure in India defined by the government hold the promise of re-igniting growth in the years to come.

$100 billion Tata group chairman Cyrus Mistry has laid stress on the Mod led government’s initiative 'Make in India' campaign and stated that it holds the "promise of re-igniting growth in the years to come,” as reported by PTI.

"Amidst a complex and unpredictable geopolitical environment, we find that new opportunities have emerged, but equally, several challenges persist. In India, recent policy measure and strategic direction defined by the government, especially its ambitious 'Make in India' campaign, hold the promise of re-igniting growth in the years to come," he told PTI.

He also said that in 2014, globally, major markets seem to be on two different growth tracks. Some countries, such as the US and the UK, continue to show signs of recovery and growth.

"On the other hand, the large economies of China and Europe fell short of growth expectations. This has led to a fall in global commodity markets, which offers both challenges and opportunities."

Mistry emphasising the need to serve customers in a fast changing environment said, “The customers and the markets we know are evolving. Today, emerging technologies in the digital and physical space are transforming business at a pace never seen before. We must deepen our understanding in several areas such as digitisation and big data analytics, and develop an innovation and technology roadmap to effectively serve evolving customer needs."

Moreover, in order to empower women the Tata group has taken one initiative named Tata Lead, an important group exercise to strengthen diversity and inclusiveness. Through this initiative, the group will increase the number of women leaders in our group in the years ahead.

"Valuable contribution made by 1, 40,000 of our women colleagues, several of whom are leaders in their own areas across the globe,” he said.

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