DEHRA DUN, Nov 15 – Tata Group Chairman Ratan Tata today said he did not enter the airline business as he was not comfortable with the idea of bribing a minister, as had been suggested by an industrialist.
He regretted that despite being a pioneer in the airline industry, the group faced enormous problems in setting up a domestic airlines in collaboration with Singapore Airlines.
“We approached three Prime Ministers also. But an individual thwarted our efforts to form the airlines,” Tata said, recalling how he spurned the suggestion by a fellow industrialist.
He, however, did not name the individual.
Amid Tatas’ efforts to set up a joint venture with Singapore Airlines, a fellow industrialist had said: “You are stupid people. The Minister was asking for Rs 15 crore. Why didn’t you pay the money?”
Narrating the incident, Tata said, “I did not want to go to the bed knowing well that I set up an airlines by paying Rs 15 crore.” – PTI