Ratan Tata, former chairman of Tata Sons, on Tuesday said that “vested interest” was one of the greatest curses in the way of India’s progress. Speaking at a function in Vadodara on Tuesday where he was conferred the second Sayaji Ratna Award – given by the Baroda Management Association – Ratan Tata said he envisioned an India where equal opportunity was provided to all based on merit. He exhorted young audience to try and make a difference rather than run after profit.
“India has unfortunately become a country where vested interest is paramount, where people have been digressing and distract law from what it ought to be. Vested interest coming mostly from private sector is one of the greatest curses of India’s progress,” he said while replying to a question from the audience.
While addressing the audience, comprising a large number of young management graduates, he said. “I urge the entrepreneurial spirit of young people of India to look at India and look at it as a land of opportunities, bearing in mind that we all deep down inside us would like to see India as a country that gives equal opportunities to all, based on merit and not on who you are or whose son or daughter you are, whom you know, but on the merit of what you achieve.”
“Work for making a difference and making it possible to be competitive, to be leaders in the India that we have before us… Let’s do something to make India a powerhouse it deserves to be, ethically, with values and with sincerity,” he told the audience at the packed hall of Sir Sayaji Nagar Gruh where the function was held.