Mukehs Ambani’s RIL to invest Rs 70k crore in India

By not sharing the gloom and pessimism that several industry leaders were talking about, Reliance Industries chairman Mukesh Ambani wants to provide some much-needed support to the government.

The one of the country’s richest man Mukesh Ambani talked to the Prime Minister’s Council on Trade and Industry about his group’s mega investment plans in a meeting,”Sir, I don’t share the gloom and pessimism on India. I plan to invest Rs 70,000 crore in India over the next two years. To me, India remains the best investment destination,” quoted by a senior govt. officer.

By appreciating his view, the Prime Minister Manmohan Singh said other must also learnt by his views. “Very good! I hope others also follow your example.”

In fact, Ambani’s view has been appreciated by several industry leaders, such as Ratan Tata, N R Narayana Murthy, Sunil Bharti Mittal, Sunil Munjal and Vindi Banga., they said that the perception that India was not a profitable place to do business was wrong, stressing that they were not planning to shift their business overseas.

However the hope of sort out bottlenecks in implementing large projects is to be rise after industrial combat with govt.

Besides this the industrialist pressed the govt. For backing on FDI in retail and arguing PM straight forward talking.

“I must confess that it is a little disappointing to sometimes hear negative comments emanating from our business leadership or be told that government’s policies are causing slowdown and pessimism in the industrial sector.”

Meanwhile he ensured the possibility of reduction in interest rates if the easing trend on inflation was sustained. The business leaders were generally of the view that the economy was poised to return to a high rate of growth in the near future.

Samsung rolls-out dual-SIM Galaxy Y Duos Androids
Link Exchange With News Top Night