Billionaire Anil Agarwal says entrepreneurs must "empower...young talent and let...local people lead" in order to expand business. He recollected how he acquired bankrupt Tasmanian firm Copper Mines in the 1990s and using this method, recorded a profit of $25 million in the first year post-acquisition. "We trusted...local people to lead and gave young talent freedom to run things," Agarwal added.