Why Not Family Businesses form Partnerships with other Businesses

 Dear Sir,

Why not  Family businesses form  partnerships  with other Businesses ?

Apropos your editorial , Fresh, New Species of Animal Spirits,(ET 22nd Feb), the need of the hour is definitely to kickstart the economy with all possible Animal  Spirit not only from  existing Family businesses but also developing new families into businesses through encouraging Private Equities  and Start ups by highly skilled professionals from in and around the world. The potential of the economy is so strong and vast , but unfortunately, the animal spirit required to exploit the resources and encash  them through intensive capital and labour oriented physical production of goods and services by enhancing manufacturing activities apart from providing services to satisfy the global demands of all goods and services  keeping the dream of making the economy an advanced one by 2047 is found missing and elusive. It is time for Indian family businesses to identify areas to partner with other entrepreneurial talents and scattered equities  around the world and exploit  fresh business opportunities and give a boost to the economic growth envisaged and make the dream of an advanced economy by 2047 a reality. Opportunities for such joint ventures are plenty and need to be fully encashed benefiting the entire economy and the nation. 

Let there be prosperity all around the universe to make life comfortable and enjoyable for all.         

T V G Krishnan. 

Bengaluru .

( Letter sent to ET but not published. )