There has not been a conscious view of re-energising manufacturing. So, in some form, someone has to wave the Union Jack in the area of manufacturing.

Business need not be a merciless, cutthroat affair.

I will certainly not sell my stake in Tata Motors and Tata Steel, and never have, no matter how much I was criticised.

I do not know what the future holds, but I do know that I'm going to be positively surprised.

We're responsible for the fortunes of the company but this is a bone-dry situation in terms of access to credit. Nobody can operate on that basis unless you have large cash balances, which we don't. My concern is that the government doesn't appear to care about manufacturing.

The political system of the People's Republic of China can make things easy. Decisions are made quickly and results come quickly, too. In our democracy [in India], on the other hand, such things are extremely difficult.