Ajay Piramal Quotes
Governments cannot do innovation. There are too many audits, and no one stays in a role for long enough.
There were a number of hyper conservatives at the time who actually believed this. They either tend to ignore for ideological reasons, the incredible role that local, state, and the Federal government has played in many of the great innovations in our nation. It was a Federal Contract that allowed Eli Whitney to develop the technique of manufacturing with interchangeable parts. The Erie Canal, the greatest and most innovative engineering project in the world at the time was built by the New York State government with State money, It was a Abraham Lincoln Federal contract that produced the research to make the telegraph feasible. Under Theodore Roosevelt, a Federal Government grant made it possible to control Yellow Fever. Franklin Delano Roosevelt had the Army and the Treasure Department fund and operate the Manhattan project which not only developed the atomic bomb but also innovated the tools and methods for nuclear energy production. Most of the early computer programs in America were written by Government employees or by people who were working under government contracts. It was the Army that not only financed but also provided key staff in DARPA which produced the Internet. The Decoding of the Human Genome was the joint innovation of a private group and a Research Laboratory of the National Institutes of Health, and the majority of medical innovations (including pharmaceuticals) in the last 50 years were produced by Government Scientists or Financed by Government Agencies. There are literally thousands of others, a;; of which must be ignored to claim that Government curtails innovation. There has also been a great deal of important innovation that has occurred by independent individuals and private companies without the help of government. The great innovative success of America has been because both the private and public sectors, sometimes working independently and sometimes together has produced a steady production of important innovations that are the envey of the world.
the legal and regulatory system While this is generally true, the same very efficient private organziations sometimes act very efficiently against the interest of the public, or a part of the public in a discriminatory manner. There are other functions which for one reason or another no private organization chooses to take on, and we are left with government doing the best it can. And there are some areas where th cost of private service is just too high, and government assumes it for reasons of affordability. However sometimes there is a major problem created by competitive private organzaitions in such heated competition that the servie is terrible. In early America, Fire Fighting was assumed by private organzations, who would often fight with one another over who would handle the fire while entire neighborhoods burned down. The result was public fire service which is now the norm despite the fact that there might be better ervice in with a private company. America has attemted to balance this problem and tends to have done so better than most countries athough the issue is in contant debate in American politics.
Ajay Piramal is an Indian billionaire industrialist, and the chairman of the Piramal Group, a conglomerate with interests in pharmaceutical, financial services, real estate, healthcare analytics and glass packaging. Piramal Enterprises has 3 major businesses – Pharma, Financial Services and Healthcare Insights & Analytics.
