Tata Group executive Director: Indian companies have a strong entrepreneurial spirit

At the 2010 Annual meeting of BOAO Forum for Asia, Goppalakrishnan, executive director of India's Tata Group, Gopalakrishnan said in a speech that Indian companies have a strong entrepreneurial spirit. The following is the full text: Now the international situation has changed, we have done a lot of international mergers and acquisitions, attaches great importance to the market of developing countries. So far in the domestic market, the recession is over, and we feel bad about it, but it's only short-term, it just affects some industries. In fact, the economy of India is now recovering, and we are all very confident and optimistic. We are very confident that we have really survived this crisis.　　Speaking of our company's international operation, we do have some worries, we really need to solve, we have to do overseas mergers and acquisitions, we do mergers and acquisitions, mergers and acquisitions for our company is twice times larger, or even three times times larger, to solve the problem of acquisition, is the management of the focus of the work. Our complexity is 5-7, and we find a way to respect the culture of democracy in every country, a hybrid economy for India, and a focus on the private sector, but still limited by the degree of economic development, and we can now see An important driving force has been the entrepreneurial spirit that has developed for decades, and the Government has encouraged that. The government has been the captain of the ship for the past 50 years and is slowly trying to hand over the captain's position to the private sector.　　We will invest and it will take a while to see the results. Tata's cars are so famous that they don't need me to say much, because the families in India are often four of them sitting on scooters, so our directors think they have the demand to build a 2,500-dollar car. The sales of motorcycles every year are Chicho Dovan, so the market is very big. Second, we made water filter products, because drinking water in India is a big problem, can we take measures to solve the problem of cleaning, energy saving?　　We produce a kind of light bulb type water filter, pure, 5 dollars can use 1.5, with such a product can drink very clean water. The big banks do have car financing plans and products, and at first we found that some rich people would buy them, of course, it's not a lot of production now, but I think the potential is huge. I would also like to say that the bottom of the pyramid seems to be very cheap, but consumers do not want to be seen as no money for low-end consumers, so still a huge market, product design better.　　Like Tata Group's car and water purity, as long as the design is very effective, practical, the bottom is not very cheap, no money consumers.　　You said that 60%-70% 's assets are in the hands of the government, you say that the state-owned enterprises dominate the status, if the tax, most of the tax is from the state-owned enterprise. Just now it is very interesting, Professor Chen said that information democracy is helpful, and that culture and entrepreneurship are very important. We lack the infrastructure in India, and we want the government to fill this gap for a variety of reasons, but it's still not enough. And the entrepreneurial spirit of private entrepreneurs,That means there's a lot of entrepreneurial activity at the bottom of the pyramid, and I want to cite three examples. We treated plastic as a waste, but in Bangalore there were brothers who found that if the plastic was used in the road, such as cement, the quality of the road would be better. And they used plastic in their 1200-kilometer road, which, in their inventions, saved cement and reused plastic. Also, in India's proximity to Arabian Sea, there are mountains that need bridging to make it easier for people to come out, originally waiting for the government to build a bridge, but there is a person said that can not wait for the government to build, he found a way, in Bangalore built 40 bridges, greatly improved the people's travel environment.　　3rd, in India, many people have cataracts, in the past need to hospital treatment, then the hospital has an invention, the establishment of mobile cataract surgery Station, can do surgery, and patients spend 5 of dollars can be removed cataract. Goppalakrishnan: He has a foundation, many people contribute to the foundation, this person is like Robin Hood, very chivalrous spirit.　　And do cataract surgery, the rich people to 200 dollars, 300 dollars, no money to 300 yuan also can, or even do not give money, this work in the past 15 years has been doing.　　In India there are two things can not be done, the first is to prevent people to speak, the second is to stop people thinking, these are good examples, but also to make people less money, why not do it? Mumbai Airport is the crystallization of public-private partnerships. From this perspective, India and China are not the same, from the DNA, we have the tradition of entrepreneurship, of course, not everyone should become entrepreneurs. In addition, the Indian government tried to control education, but failed.　　Less than 30% of our education is state-owned public education and 70% of education is a private educational institution, and for higher education, the best graduates do not become civil servants and go to private enterprises.　　We allow them to develop their creativity, I think Indians are very creative, the key is to train these people to work in India, but these people will be lost, in the past 25 years in India's 2500 development history of the best time. Now that the government has intervened, the environment has improved over the past 20 years, many people have gone abroad to do many things, many people come back to do many things, the government is no longer a captain, more like a coach, not to dictate, but to provide support. I think India is the only developing country where 70% of GDP comes from consumption reaching the level of developed countries.　　I hope many foreign investors will invest in India in the future. This reminds me of the problem of homogeneity, I think the Chinese people more than 90% are Han, I would like to say that for historical reasons to govern India's managers, rulers are English-speaking people, they accept English education, but India's national tradition is deep-rooted. So in our way of thinking, we have very serious Anglo-American way of thinking, but when we really do things, there is the Indian tradition.So, a lot of Anglo-Americans and Europeans are dealing with us, think we do a very good analysis, do very serious, thorough, and sometimes you have to understand the origins of cultural traditions, India's managers may be a very unique group of people in the world, they adopted the European and American way of thinking, but the way to act is very Indian. There are several aspects of emerging energy, first need research and development, need a huge investment, just now they talked about the need for investment, and he also suggested that there is a proportion of GDP is 3% to 5%, as well as publicity and implementation, this part to innovation, long-term innovation, explore new practices, new practice.　　The government's role is to carry out research and development, to provide subsidies for the development of these new energy technologies, and so on. Why is research and development a government job? I think the government should invest money in research and development, and they can allocate money to universities or the private sector, even 3% to 5% of GDP.