Creating global brands major challenge: NRN

India may be the second-fastest growing economy in the world, but it faces the challenge of constantly being innovative and creating global brands, Infosys co-founder and chief mentor N R Narayan Murthy said while speaking at a meet organised by IIT Bombay and Australia’s Monash University.

“I have seen a new sense of confidence in India. Our companies have done pretty well. They have gone and acquired several companies in Europe, in Asia and in the US. But we do have a challenge and that is we have to create global brands,” Murthy told reporters here.

Innovation is very important functions in any enterprise, without which it was very unlikely that a corporation would have a great future.