Tata Group patriarch Ratan Tata on Tuesday said that though US President Donald Trump has thrown up some new challenges, Indian entrepreneurs and business captains have the ability to reinvent themselves to meet them.
“I think the challenges for the last several months for me personally and also for startup community have been challenging. Mr Trump has given new challenges and I am quite sure we can reinvent ourselves to meet those challenges, and look back at having made a difference,” he told the gathering assembled at K-Start, a startup event organised by Kalaari Capital here.
The interaction was moderated by Kalaari’s founder Vani Kola.
On issues of protectionism and capital dumping, Tata said one cannot generalise, but sometimes blocking is worthwhile and at other times, it amounts to stifling competition.
“Sometimes, the blocking is worthwhile blocking, and at other times, it is just stifling competition. It is a difficult question to answer and generalise,” he said.
However, he said a person like him would look for more of an open environment, “as open an environment that we can expect, and we should not be concerned about blocking as we see it at various times.”
Nevertheless, Tata advocated that unfair competition being indulged in by some corporations needs to be controlled by the regulators because they do it to kill new startups.