On the industries in which the group has a presence
Spanning 10 States and one Union Territory, we are into abrasives, building materials, engineering, farm inputs, food processing, financial services, marketing services, plantations, sugar, bio-products and chemicals.

On why no South Indian corporates are really in the national forefront, like the ones from the North
We cannot really compare. We are conservative. In the days of the licence-raj, the North Indian companies had representatives stationed in Delhi only for getting quotas and licenses. They made full use of the situation. And secondly, in the South, capital availability is lower than in the North. They (the textile states) made a lot of money during the two world wars, whereas only the second war was of some advantage to us, though we did not fully utilise it.

On how Tamilnadu compares with other states in the industrial scene
Tamilnadu government did not give much interest to its industrial development before the 90s. But after that, suddenly too much is being done at too many levels. Infact, they are overdoing it. The state is coming up.

His reading of the present economic scenario - the ills and spills
The recession is likely to span the world. We are caught with the South East Asian crisis - our exports to these parts are affected badly. Secondly, the government is unstable, so they are unable to pay attention to the economy, unlike the earlier UF government, which somehow stuck together and had a common program. Thirdly, disinvestment is a must. Most important, non-interference by the government into banks and private sector. They should allow them to manage on their own, whatever the crisis, instead of rushing in with remedies. And even then, there is hardly any genuine action.

On expectations for a turnaround
Its hard to accurately predict these things. Looks like it will take another 2-3 years for things to look up.

On how India can play a prominent role in the emerging world
The government should have a long-term view and plan and take steps to implement it. We should emerge as a strong and vibrant economy backed by a stable administration and good infrastructure. Only then can we command attention and have an effective say in world affairs.

On his personal life..his other interests...a typical day in his life - now and earlier
Now I am completely retired. I just come to office for a couple of hours. I go home, read or relax. Except for major decisions, I do not get involved in the day-to-day operations. Now what interests me are the community service programs - temples, hospitals, educational societies, etc. Earlier, of course, it was very hectic, starting very early and going on upto the wee hours.

The achievements he is proud of when he looks back
We have built up a very good organisation, providing employment to thousands of people and doing community service in areas where we are operating. We have achieved a good reputation as a Group, combining traditional values with modern business acumen.

His views on Chennai, its people, living, food, etc...after travelling extensively at home and abroad...
Chennai 10-15 years ago was good. But is deteriorating - pollution, garbage, bad roads, hutments, outside crowds, like all cities...but Tamilnadu can tackle this much better - because our district headquarters' infrastructure is reasonably good. With a stronger attitude, the situation can be controlled. South India is a nice place and Chennai, I like it.

On the brain drain from the IITs (he was Governor, Board of Directors, IITM)
The IITs are our most important institutions. But earlier the graduates used to leave due to lack of opportunities. But now, one good thing that has happened - the private sector is able to pay very good salaries and provide a conducive environment for them to stay here. And the body of technical people here is good. The scene is looking good, with people opting to stay these days.

His advice to budding entrepreneurs
First you should be well educated, competent and knowledgeable. Estimate your strengths and pool other strengths required. And then work hard and work smart.

His message to the youth
Patriotism is first. Then discipline is most important, rather self-discipline. Third, knowledge. Only then can you thrive and do the country proud.

 - Padma Subiah