New Tata Group Chairman Cyrus Mistry on Saturday lauded the Gujarat government and chief minister Narendra Modi saying they have created an enabling business environment and a culture of implementation.
As Mistry's name was announced for delivering his maiden public address since taking over the helm of the salt to software conglomerate at the valedictory session of the sixth 'Vibrant Gujarat' summit, a thunderous applaud resounded at the packed Mahatma Mandir auditorium.
"At the outset I would like to applaud the spirit of entrepreneurship of the people of Gujarat and the spirit of entire Gujarati diaspora...It is important to recognise the infrastructure and enabling enviornment put in place by Gujarat government," Mistry said.
Mistry said, "In Gujarat, we see a culture of implementation, reflecting the qualities of the chief minister...And our commitment in Gujarat goes beyond industrialisation and investment".
The new Tata Group chairman said the $100-billion group would continue to invest in the state. "We, as the Tata Group, will continue to invest in the state".
Tata Power, Tata Power, Tata Motors and Tata Consultancy Services have investments in Gujarat.
Mistry said he hopes to see continued certainty in policy implementation in the state under chief minister Narendra Modi.
Stating that the Tatas have improved the quality of lives wherever the group has invested, Mistry said, "We will continue to maintain with that strategy going forward as well".
"Our focus is to create long-term value creation and in this effort, I believe we will continue to get the support from the state and the chief minister as a true partner," he said.