Tata calls upon fellow industrialists to invest

16 Feb 2017

Recalling his initial days in Jamshedpur, Tata Group patriarch Ratan Tata on Thursday said the east Indian state of Jharkhand has great potential and called upon domestic and global corporates to seize the immense investment opportunity.
"Under the Prime Minister and his government, India is on the threshold of projecting itself as a new India," said Tata, who started his career at Tata Steel in Jamshedpur.
Speaking at the Momentum Jharkhand Global Investors' Summit 2017, he said India has great opportunities.
However, the country will not be able to grow if it focuses only on traditional spots which have been industrialised and therefore it needs to widen base and extend industrialisation to other geographies as well, he said.
"Jharkhand is one such place. Its richness in mineral wealth, its natural beauty and the excitement of developing it are immense. I think all of us, both in India and outside, need to seize this opportunity at places like Jharkhand...," Tata said.