At Tatas, we believe that if we are not among the top three in an industry, we should look seriously at what it would take to become one of the top three players.. or think about exiting the industry
Ratan Tata - Tata Group - Best - Industry - Conglomerate

We’re responsible for the fortunes of the company but this is a bone-dry situation in terms of access to credit. Nobody can operate on that basis unless you have large cash balances, which we don’t. My concern is that the government doesn’t appear to care about manufacturing.
Ratan Tata - Tata Group - Responsibility - Companies - Credit - Government - Manufacturing

I think the Tata Group’s greatest contribution to the growth of the Indian economy and Indian industry probably happened in the pre-independence era. The Group’s investments in industries such as steel, textiles, power and hotels were certainly driven by an entrepreneurial spirit, but they were driven even more, I think, by a desire to make India self-sufficient and independent of its colonial masters then.
Ratan Tata - India - Growth - Tata Group - Conglomerate - Industry - Steel - Textile - Hotel - Entrepreneurial

I think the environment has become more competitive. That has made Indian industry more concerned with a) its customers, b) the quality of its products, and c) its brand image in the marketplace.
Ratan Tata - India - Competition - Industry - Customers - Quality - Products - Brand

We are probably not doing enough to build the Tata brand globally, but we are one of the most recognisable corporate names coming out of India. Apart from size, market capitalisation and the rest, we are seen as a poster boy for ethical business, trustworthy and fair. That’s a model western companies feel comfortable with.
Ratan Tata - India - Tata Group - Brand - Global - Market Capitalization - Ethical - Trust - Fair - Western

The strong live and the weak die. There is some bloodshed, and out of it emerges a much leaner industry, which tends to survive.
Ratan Tata - Industry - Competition - Strong - Weakness - Survival

I’ve never believed protectionism of that kind will lead us anywhere. I think you can have certain specific rules for engaging with India.. for example, not allowing mineral resources to be taken out of the country.. but there is not a shred of doubt in my mind that when you open an economy you should do it in totality. Foreign investment adds a sense of competition; we should see this as a wake-up call to modernise and upgrade. Companies that do not will undoubtedly die.
Ratan Tata - India - Companies - Competition - Protectionism - Economy - Mineral Resources - Foreign Investment

One hundred years from now, I expect the Tatas to be much bigger than it is now. More importantly, I hope the Group comes to be regarded as being the best in India.. best in the manner in which we operate, best in the products we deliver, and best in our value systems and ethics. Having said that, I hope that a hundred years from now we will spread our wings far beyond India.
Ratan Tata - India - Best - Products - Ethics - Growth - Inspirational - Tata Group - Values


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