Give Modi time to turn the economy around: Ratan Tata

Kolkata, Aug 6 :

Asserting that Narendra Modi has a proven track record, Tata Sons’ chairman emeritus Ratan Tata Wednesday said the new government should be given more time to turn around India’s economy.

Ratan Tata (pic:
Ratan Tata (pic:

Participating at an interactive programme here, Tata said he was hopeful of Prime Minister Modi making the economy growth-oriented, despite it being a huge task.

“Modi has a track record of being a doer, and what he has done in Gujarat is there for everyone to see. He has a huge task nevertheless in turning around the economy to growth oriented rather than control oriented,” he said.

“We will have to give him a little more time. But I am very hopeful that he will turn things around,” Ratan Tata said

“We all have to be very hopeful of the new government, because since 1994 we have had a coalition government, where at times it had been difficult holding together the coalition partners,” Tata said.

The former Tata Sons’ chairman also thanked Modi, who – as the then chief minister of Gujarat – had given him a “new home” when the company had to relocate a car manufacturing unit from West Bengal following “hostile” anti-acquisition movement led by Trinamool Congress supremo Mamata Banerjee.

“I am thankful to Modi for giving me a new home,” Tata said about the relocation of its Nano car project from Singur in West Bengal’s Hooghly district to Sanand in Gujarat.



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