Union Finance Minister Nirmala Sitharaman said the Tata Sons dispute must be settled amicably within the group. She ruled out quick government intervention, noting the matter is sensitive. "I think these are very delicate matters," she said. She urged the leadership to talk it out to ensure normalcy returns soon.
Mumbai: Union Finance Minister Nirmala Sitharaman on the ongoing dispute within the Tata Group said the matter is sensitive and requires business acumen and cordiality to be resolved amicablyResponding to a question on whether the government should intervene in the dispute, she said, "I think these are very delicate matters, and matters where a lot of commercial and business acumen will have to work. Business cordiality will have to work. So I wouldn't readily say, however serious the issue may be. I know the brand value of Tata, the contribution that the Parsi community has made to make Tata a huge global brand. I also know the expanse of activity in which Tatas are invested in. So this is a very critical component to the Indian economy, and therefore it has to be amicably settled among themselves. So they talk it out to make sure that it comes back quickly to some normalcy. It cannot be spilling out like this in public. And for the maturity of that leadership, we would like to have this scene settled sooner. That's the view..."