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Ratan Tata lashes out at 'venal' Indian business climate

NDTV

The outgoing head of the Tata business empire warned on Friday that a lack of government support was preventing Indian industry from competing with China and lashed out at a "venal" business environment. In interviews published ahead of his retirement as chairman this month, Ratan Tata criticised what he called a lack of coherence in government policy and said the Mumbai-based group's ethical standards had cost it business.

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