Sign In / Register
Make This My Home Page | Feedback |RSS
You are here: IE »   Story

Some in industry think they are above law, can manage to get away: Tata

  • Print
  • Mail This Article
  • Comments
  • Add to favorites
  • Tata Group chairman Ratan Tata has said that though the licence permit raj in the country was over, some businesses still believed they could get away with violating the law.

    “There is always a view among some segments of industrial community that they are above the law and they can manage the environment,” he said in an interview to CNN-IBN.

    Indicating that even post-license raj, businessmen in India still believe that they can cut corners in getting ahead and influencing politicians, he said: “Yes, it is still there and if enforcement was stricter and more uniformed, then I think India can become a better place.”

    He said the turmoil in Singur, where the group plans to start a small car manufacturing plant, was “political” and the company’s track record of exemplary corporate citizenship was proof of their good intentions.

    Ads by Google

    “I think Singur is unfortunate. It is not our battle. We are caught in a crossfire that is political,” he said.

    Last month, the Tatas outbid Brazil’s CSN to acquire Anglo-Dutch steelmaker Corus Group for $12.1 billion and become the world’s fifth largest steelmaker.

    Comments
    Post comment

    Be the first to comment.

    Post a Comment
    Name:
    Email:
    Title:
    Maximum characters allowed     
    Comment:
    TERMS OF USE:
    The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
    I agree to the terms of use.