The Tata Group is at the forefront of innovation-led growth in India. Whether the recently announced Rs 32,000 pre-fabricated house or the Nano car, the group is pursuing innovation across businesses. In an email interview with Firstpost, R Gopalakrishnan, director at Tata Sons, says that the culture of collaboration among Indian institutions and Indian companies has been on the rise. He says that the Tata group is not only making products that cater to the bottom-of-the-pyramid market but is also innovating in manufacturing processes at companies like Jaguar Land Rover and Tata Motors. The group is also investing in new initiatives within research and development in the renewable energy sector and in the animation arena.
R Gopalakrishnan, Director, Tata Sons. Courtesy Tata Sons Top 50 companies in India are spending less than $1 billion on R&D. Indian companies now have cash to the tune of $55 billion. In your view why is it that Indian firms are not spending enough on innovation?
To read the full, original article click on this link: Cost innovation is India’s BIG opportunity: R Gopalakrishnan | Firstpost
Author:Rajas Kelkar
