Tata group to invest over Rs 45,000 cr, expand globally: Cyrus Mistry
Mistry also expressed confidence in the Indian growth story and said the government's recent emphasis on policy clarity and renewed thrust to economic reforms is encouraging.
"With a sustained focus on policy stability and implementation, I believe that India would continue to be an attractive investment destination. I look forward to our Group playing its role in continuing to invest in the Indian growth story," he said.
About global expansion of the group, Mistry said each of its companies would follow a different path "with differing approaches to spreading of risk, acquisition of technology, access to talent, and investment in long-term growth markets."
He also warned against any complacency, saying that history has shown that groups "that are happy with resting on their laurels are weeded out by nimble competition".
"We live in increasingly competitive times. To succeed in such an environment, we will need to differentiate our approach and innovate," Mistry said.
"... across our businesses, we need to be able to respond swiftly and adapt to changes in market conditions anywhere in the globe. We must differentiate ourselves from our competitors through a greater understanding of customer needs and a culture built around customer centricity, innovation, and a focus on profitable growth.
"We will need to be relentless in our pursuit of improving