'Indian Industry has to cope with several factors'

Mumbai, July 20: The Indian industry today is being affected by a large number of factors in the era of globalisation, said eminent industrialist and chief mentor of Confederation of Indian Industry, Tarun Das, here today.

Expressing his views on 'Adapting Indian industry to globalisation' on the occasion of the golden jubilee of the Forum for Free Enterpreneurs here this evening, he said in today's era of globalisation, the Indian industry has been thrown to stiff competition and hence asked it to be prepared for it.

Even though the state-owned PSUs have done a commendable job since Independence, the scenario has changed today as it is the private companies that have taken the reins today, he asserted.

It is due to a simple fact that the private sector companies are graduating towards holding the commanding position not only within the country, but also on the global front.

Delivering the Golden Jubilee function address, the president of the Forum, Minoo R Shroff, urged the business community to stir itself out of its complacency and set up an organised movement to articulate the enormous contribution the private sector had made to industrial development in the pre-Independence era and the significant role it could play in the future.

Eminent industrialist, Ratan Tata, released a book 'Eventful Years' on the occasion which has been authored jointly by S S Bhandare and Ajit Karnik.

UNI