- Globalization is Reality. It means greater challenges thrown to Emerging Markets.
- Tatas were the FIRST Global Indian Industrialists.
- Global Markets are intensively INTERLINKED. The FAILURE of Tata's pet projects would have devastating effects on the Global Economy.
- Failure of projects would mean a CASCADING EFFECT...the entire Supply Chain of vendors are affected. On a local, national to international level.
Let me quote Mr. Ratan Tata On risk:" Risk is a necessary part of business philosophy. You can be risk-averse and take no risks, in which case you will have a certain trajectory in terms of your growth. Or you can, while being prudent,take greater risk in order to grow faster."
What can I say ? He had a Dream : The World's cheapest Car...a Rupee 1 Lac Car ...US$ 2,200 ...A Car for the Common Man. A person riding a mobike can afford that Car. Through easy monthly installments, of course.
BUT HIS DREAM WAS MISUNDERSTOOD...
Dream to be transformed to Reality means implementation. But right now, we see
DISRUPTIVE activities WITH A CERTAIN OBJECTIVE standing in the way of his dream.
The Tatas have always also shown their philanthropic aspect also...
Global Economy has benefitted from his previous projects...be it the Steel Industry, I.T. Consultancy, Internet infrastructure, All his Projects were aimed at INFRASTRUCTURE building of a country.
The Wall Street Journal quotes today: "The escalating conflict is the starkest sign
yet of how rapid industrialisation is clashing with skepticism towards
modernisation and the reach of big business into rural India."
Rural Economy would have benefitted, with the Supply Chain and the cascading effect of ancilliary units.
THE GLOBAL ECONOMY IS ALARMED at such activities.
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