The Tata Group patriarch Ratan Tata has penned down a note for entrepreneurs advising them to adapt and create to get over the COVID-19 pandemic.
He wrote about how the current crisis will drive businesses to find creative ways in order to survive.
¡°This crisis will force entrepreneurs to adapt and create,¡± Tata wrote in an Instagram post.
Tata who had been awarded an honorary doctorate by the University of Manchester for his contribution to innovation and philanthropy spoke of the impact coronavirus pandemic will have in the future.?
'In past difficult times, entrepreneurs have displayed farsightedness and creativity that could not have been believed to exist. These became the flagpoles of innovation and new technology today. I hope that the ability to find another way to build a product, run a company, run operations a better way, will emerge as an outcome of the current crisis," Tata wrote.
The chairman emeritus of Tata Sons reiterated that he is confident in the inventive nature and creativity of entrepreneurs to find ways to modify businesses amidst lockdown.
The billionaire is known for the faith he reposes on startups. He recently invested an undisclosed amount in an 18-year-old entrepreneur's pharma start-up Generic Aadhaar.??
His other investments include various startups like Ola, Paytm, Snapdeal, CureFit, Urban Ladder and Avanti Finance.??
The Tata Trust had earlier??500 crore to combat the Covid-19 pandemic in the country which will be used to purchase personal protective equipment for the medical personnel, respiratory systems for treating increasing cases, purchase of testing kits, setting up modular treatment facilities.