Former Chairman of Tata Group, Ratan Tata, who received Sayaji Ratna Award instituted by an NGO, said India needs to transform a place that supports entrepreneurship and should cultivate an environment that enables setting up of new businesses.
He also advised budding entrepreneurs to think about what they can do for the country, rather than what the country can do for them.
“Entrepreneurs should do what they can for the country, instead of thinking what the country can do for you,” said Tata.
Tata said that there was great potential in the country where everyone has equal opportunity.
"Late Sayajirao Gaekwad, late JRD Tata and freedom fighters had contributed in development of the country," Tata said.