Support Narendra Modi, don’t get disillusioned: Ratan Tata to India Inc

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Mumbai | Updated: April 18, 2015 12:03:30 PM

Tata Group chairman emeritus Ratan Tata came out in support of PM Narendra Modi and advised Corporate India to “not get disillusioned so fast”.

Ratan Tata, Tata Group chairman, support modi, narendra modi news Tata Group chairman Ratan Tata, Narendra Modi, India Inc, Ratan Tata India Inc, ratan tata narendra modi, Business newsRatan Tata, Chairman of Tata Trust during a convocation ceremony at MISB Bocconi college Campus in Mumbai on Friday. (PTI)

At a time when India Inc is showing its disillusionment over the slow pace of reforms and ease of doing business, Tata Group chairman emeritus Ratan Tata on Friday came out in support of Prime Minister Narendra Modi and advised Corporate India to “not get disillusioned so fast”.

“All of us should understand that it’s a new government, and we need not get disillusioned and dissatisfied with so fast,” he said during the convocation of the Mumbai International School of Business Bocconi.

“There’s a great deal of hope in the inspirational leadership of Modi. He is still in the early stages of defining what he hopes to deliver a new India. The implementation hasn’t really taken form this year. But we still have to give him the opportunity to implement what he has promised,” Tata said while replying to a question on the economy under the Modi government.

Extending his support to the NDA government, Tata said, “We’re all hopeful that the country will move forward in the manner that Modi predicted. We really need to support it if we need to have a new country and outlook both internationally as well as domestically.”

“In short, we’re all hopeful that the country will move forward in the manner that Modi predicted,” Tata said. After retiring from the top position in the Tata Group, he is now heading various Tata trusts which own significant stakes in major Tata companies.

HDFC chairman Deepak Parekh’s recent statement that India Inc’s patience was wearing thin with little improvement on ease of doing business has prompted big players in the manufacturing sector to admit the impact was still not visible on the ground.

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