Ratan Tata, chairman of Tata Trusts on Monday said the Maharashtra government should keep pace with growth and think big in innovation and infrastructure.
Tata was speaking at a panel discussion at Maharashtra Investment Seminar within the Make In India Week organised in Mumbai by the Confederation of Indian Industry (CII).
Tata said the state government should try to replicate benefits offered at international hubs like the Silicon Valley to boost entrepreneurship.
“Over the years where Maharashtra has failed is its infrastructure has not kept pace with growth. What we have lacked somewhat in the past years is thinking big enough for the growth that Maharashtra could achieve,” he said.
He said that the government should look at improving both physical and electronic connectivity. Tata, who has invested in at least 14 internet-based start ups in the last one year said the government should create a white collar environment with skills, space and ease of entering the business, connectivity and availability of innovation.
“Apart from the IITs and other institutions that we have here, we need research centres, centres for innovation to encourage young people to innovate, a venture-capital led financial environment to help entrepreneurs and creation of industrial parks with benefits,” said Tata.