Connecting India

When India's Reliance Industries enters a business, it aims to dominate. From textiles to petrochemicals to oil refining, the conglomerate with more than $12 billion in revenue is known for its financial muscle and competitive drive. Mukesh Ambani, Reliance's chairman, is planning his firm...

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Bibliographic Details
Published in:Far Eastern Economic Review 2002-10, Vol.165 (40), p.66
Main Author: Ambani, Mukesh
Format: Magazinearticle
Language:English
Subjects:
Ambani, Mukesh
Chairman of the board
Energy industry
Labor costs
Outsourcing
Strategic planning
Telecommunications industry
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Summary:When India's Reliance Industries enters a business, it aims to dominate. From textiles to petrochemicals to oil refining, the conglomerate with more than $12 billion in revenue is known for its financial muscle and competitive drive. Mukesh Ambani, Reliance's chairman, is planning his firm's next big gamble: a huge investment in telecommunications. In an interview, Ambani said the telecom industry's problems worldwide have not affected his company's plans because its plan is based on positive cash flow, not market hype. One lesson he has learned is that the ability of consumers to pay is different in different markets. Reliance is fundamentally betting on connecting India to the world. India boasts a professional resource base. With quality infrastructure, a company in the US should have no hesitation to outsource to India.
ISSN:0014-7591
1563-9339