One of the weaknesses of Indian industry is that in many areas.. like consumer goods.. it is very fragmented. Individually, the companies might not be able to survive. What is needed is a consortium of like companies in one industry, presenting a strong front to the multinationals. The Swiss watch industry did this.

I have two or three cars that I like, but today, Ferrari would be the best car I have driven in terms of being an impressive car.

IT and the entire communications business clearly have the greatest potential for growth. But if you're talking about sheer size, the steel and auto industries will remain at the top.

When you see in places like Africa and parts of Asia abject poverty, hungry children and malnutrition around you, and you look at yourself as being people who have well being and comforts, I think it takes a very insensitive, tough person not to feel they need to do something.

At Tatas, we believe that if we are not among the top three in an industry, we should look seriously at what it would take to become one of the top three players.. or think about exiting the industry

The strong live and the weak die. There is some bloodshed, and out of it emerges a much leaner industry, which tends to survive.

I admire people who are very successful. But if that success has been achieved through too much ruthlessness, then I may admire that person, but I can't respect him.