Digital India will not fizzle out; it is not a bubble: Ratan Tata

Tata has invested in a slew of start-ups ever since he stepped down from day-to-day responsibilities at Tata Group.

Zee Media Bureau

New Delhi: Chairman Emeritus of Tata Sons Ratan Tata said that digital India is not a “bubble” and it is “here to stay”.

In an interview to the Hindu BusinessLine, Tata emphasised on the huge boom in internet and e-commerce market, stating –with the penetration of smartphones, it will be difficult to confine millions of Indians to brick-and-mortar form.

Tata, who has invested in a slew of start-ups ever since he stepped down from day-to-day responsibilities at Tata Group, said that it is now easier to follow and chase the passion –investment in start-ups and newer concepts–something he could not do as the chairman of Tata Sons.

Talking about the future and success of start-ups, Tata, who is an Apple loyal, said that some might taste success, some might perish, but digital India is here to stay. It will not fizzle out, he told  BusinessLine.

On being asked about new ideas and innovation, Tata said that “unconventional concepts” are something that catches his fancy. He said that he is ready to help those who are “passionate about doing what they do”.

Tata, however said that the entrepreneurs must have a feeling of “responsibility to their investors”, adding, an entrepreneur who can match this thought will have all his support.