Friday, September 17, 2021
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We need research centres to encourage innovation: Ratan Tata

The government should provide young entrepreneurs with more research centres to fuel innovation as that’s a must to develop a conducive environment for start-ups in Maharashtra, noted industrialist Ratan Tata today said.

Ratan Tata-AV

“Apart from IITs and other institutes we have here, which are a source of innovation for young people, we need research centres to encourage innovation,” Tata said at the ‘Make In India Week’ here today.

“Maharashtra, in every other way, has what it takes. What it needs perhaps (are) industrial parks with all the benefits like the Silicon Valley where young people (move) to immediately establish their dream,” he added.

Tata underlined the need for white-collared environment with skills, space and ease of entering the business, connectivity and availability of innovation, which are all essential for the start-up sector.

According to him, a financial sector that doesn’t look at just bankable propositions, but good ideas, would help attract more start-ups to set up in the state.

While Maharashtra has grown at a fast pace over the years, where it has failed is infrastructure, which has not kept pace with the level of growth, he claimed.

The Tata Sons Chairman Emeritus, however, said, “This government and chief minister have displayed a vision of resolving that, looking at it holistically and providing the balance which is necessary for growth.”

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