Tamil Nadu - Coimbatore   

`Corporate leaders should change their mindset'

Staff Reporter

Coimbatore: Leaders in the corporate world should change their outlook to suit the global business environment, the former Vice Chancellor, Cochin University, M. V. Pylee, said here recently.

"Our attitude must change and we must give up the hangover of 100 to 150 years of colonialism. As the Prime Minister has said, the tyranny of bureaucracy must end. Our corporate leaders have a great task ahead.

In IT we have done well but there are vast areas where we need to change our mindset," he said.

Prof. Pylee was delivering the inaugural address at a seminar on global competitiveness organised by the Guruvayurappan Institute of Management.

During the first 30 to 40 years of Independence, economic progress in India had been slow, with the rate of growth only 3.5 per cent at a time when population growth was about 2.5 per cent.

Even countries such as South Korea, Taiwan and China had moved ahead.

It was wrong to think that globalisation would be a setback to India, or that opening up the economy would amount to bringing back colonialism to the country.

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