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1-min read

Jaipur Literature Festival 2015: Infosys founder NR Narayana Murthy wants business to be a private sector affair

"I'm sorry I'm wearing a suit and tie today. I know this is not the occasion," Narayana Murthy said.

Prajakta Hebbar | IBNLive.comimsopraj

Updated:January 25, 2015, 8:22 PM IST
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Jaipur Literature Festival 2015: Infosys founder NR Narayana Murthy wants business to be a private sector affair
"I'm sorry I'm wearing a suit and tie today. I know this is not the occasion," Narayana Murthy said.
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Jaipur: As soon as Infosys founder NR Narayana Murthy came on stage at the ongoing Jaipur Literature Festival, he apologised to the audiences.

"I'm sorry I'm wearing a suit and tie today. I know this is not the occasion," he said to an audience that burst into laughter.

Murthy, who's wife Sudha Murty had attended the festival yesterday, was in conversation with journalist Rahul Jacob in a session titled 'India's Turn: Catalyzing Economic Transformation'.

Speaking on a variety of subjects ranging from economic progress, to traveling visa, Murthy said that the country would see more economic progress if the private sector was left to run business without government interference.

"Any good government has to have a good regulatory agency but it is best if business of business is left to private sector. Rules much be such that 90 per cent of people can conduct their businesses swiftly and without interference from the government. Time has come when PSUs may not have a role and it can be done without a framework of good regulatory agency," he said.

The 68-year-old IT czar said he believed in creating a place where hierarchy had little to do with proposal of ideas and implementation.

"For example every decision I took as CEO, I ensured people involved in decision making were below 30 because I had of corporate life of 15 years; they'll have one of 25 years when they become future leaders and they should know how to conduct themselves," he said.

(With inputs from PTI)

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