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Tier-two cities hold huge promise in developement: Ratan Tata

Posted on Jan 31, 11:53AM | UNI

Hubli, Jan 30 : Business magnate Ratan Tata has said tier two cities and smaller towns have good potential for economic development and shoud be used for bringing people across gegropharies to the main stream.

The Chairman Emeritus of Tata Sons, who piloted his own flight to reach Hubli in North Karnataka to participate in Tiecon-2013 organised by Gururaj Deshpande Foundation, said yesterday that he cherished the moments when he worked with a small group of people and had a small area of operation when Tatas first prouced radio sets decades ago.

In the event 'An Evening with Legends' held as part of the TieCon-2013 here, the legendary businessman shared the dais with Infosys Founder N R Narayan Murthy and President of Global Research Alliance President Raghunath Mashelkar.

To a query about what should the entrepreneurs from Hubli do to scale up, Mr Tata said like smaller cities in India, Hubli too had lot of potential and it had to put to use in a better fashion.

On what should the entrepreneurs to focus on, Mr Tata asked the entrepreneurs not to get tempted by the thought of making a fast buck. "At the end of the day you should go to sleep satisfied," he said.

Answering another query, he emphasised the need for setting moving goals like becoming competitive in the region first, then becoming nationally competitive and then globally competitive.

"You need to go through a transition and you should delegate responsibilities to move further", he said cautioning the entrepreneurs against quickly goingahead with diversification.

Mr Mashelkar said there were lot of groundbreaking ideas being produced in India but they would become useful only they were converted into applications.

Mr Murthy said people of Hubli are capable can demonste high quality solutions and they could translate their competence into achievement.

To a query, he said the concept of philanthropy was nothing new to the Indians and if everyone should donate utilising whatever small source he or she had then there was nothing like it.