Asking Indian entrepreneurs not to fear competition, Caparo Group Chairman Lord Swraj Paul said the country has a 'great place' in the globalisation provided it allowed the reforms process to move faster.
"India has a great place in globalsiation. As the country has the capacity and the ability, it should not fear about globalisation," he said.
This place could be achieved provided India allowed the reform process to move faster, he said.
"Don't fear competition. Competition will never destroy anyone, but it will improve everybody. It is about survival of the fittest," Lord Paul said while delivering a lecture on "India Inc. On Global Stage" organised by the Confederation of Indian Industry on Tuesday night.
Besides Madhya Pradesh Industry Minister Babulal Gaur and Caparo's Indian head Angad Paul, leading industrialists of of the state were present on the occasion.
Paul lauded the Indian success in IT industry saying he was proud of India's place in the world in this sector. On India's potential, he said 550 India companies have invested in Britain alone and the country was the third largest investor in the UK.
India has an opportunity to excel because of its huge manpower, which the other countries are lacking in and has a large number of enterpreneurs as compared to other nation, Paul said.
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