TATA GROUP IS IN VERY ABLE HANDS, SAYS RATAN TATA
NEWDELHI: Eminent industrialist Ratan Tata on Wednesday exuded confidence in new Tata Sons chairman N Chandrasekaran, saying the group is in “very able hands” and expressed hope that the group would always remain ethical. “I feel the group is in very able hands with Chandra,” the Tata group chairman emeritus said during an interview to CNBC-TV18.
He said the face of the Tatas may change over the years, but he would be proud if it operates with ethical standards.
Almost a year ago, Tata Sons Ltd ousted Mis try as chairman of the $105-billion cars-to-software group, triggering a bitter boardroom tussle. He was eventually replaced by Chandrasekaran.
Highlighting the ethical values of the group, Tata said: “Some group companies will die, new ones will be born, but the group must always be ethical.”
On the current government and its policies, Tata made the point that the country would prosper under Prime Minister Narendra Modi.
“I, for one, am optimistic that with Narendra Modi’s leadership, India will be that new India he has promised,” he said, adding, “we need to give him that opportunity to offer that to the country”.