Chennai: N Chandrasekaran, chairman, Tata Group, said that the impact of Covid on innovation has been all-pervasive and models of working from home are making all companies rethink the future of work.
In his session on Inspired India: A Business Leader’s Perspective, during FICCI’s 93rd AGM, Chandrasekaran said, “My roots that are embedded in technology make me see the Covid pandemic and its impact on India in a very positive frame of mind. The 2020s belong to India.”
Elaborating further, Chandrasekaran said that self-evident trends- advancement of digital data by almost a decade during the pandemic; decoupling of China on the United States that signifies that countries and companies will need to de-risk and balance their supply chains on a marketing basis for the future, fortify this belief.
“We have often struggled to grow manufacturing as a percentage of our GDP. We usually highlight issues like power, logistics, and labour. We have pointed out high-interest rates and have also understood regulatory overreach and interference,” he said.
But in the future, if we put this behind us and as an industry start acting by visionary scale, we will become a pivot to the new world order. We need a new focus on talent, enable data and bandwidth and we need to be a part of the new regulatory standards, Chandrasekaran added.
“I see a collaborative role between the industry and the government. The industry should be bold and start visioning all projects at scale and the government should enable this partnership and make India ready to participate in this new world,” said Chandrasekaran.