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Bring SME business to India, Ambani tells Japan

Billionaire Mukesh Ambani, chairman and managing director of Reliance Industries Ltd, said on Monday that his company was looking at forging new partnerships with small and medium enterprises (SMEs) in Japan. Anupama Airy reports.

business Updated: Sep 05, 2011 22:44 IST
Anupama Airy

Billionaire Mukesh Ambani, chairman and managing director of Reliance Industries Ltd, said on Monday that his company was looking at forging new partnerships with small and medium enterprises (SMEs) in Japan.

"We need to look for new dimensions in partnerships," Ambani said at the inaugural session of the three-day India-Japan Global Partnership Summit at Tokyo.

India's power and infrastructure hold tremendous potential, which Japan's SME sector would do well to tap, to "combine technology, maturity and experience of Japanese businessmen with the youth in India" he said.

Transferring such businesses from Japan to India will serve the Indian markets and help reach out to the world. "Such win-win partnerships have to be created as we go along…creative partnerships," he said.

The centre of economic gravity has moved from the west to Asia, he said, and Japan and India can together carve out a way to emerge the world's two strongest economies.

At a time when countries around the globe are reeling under sovereign debt burden, new grounds have to be broken to meet these challenges.

While calling for partnerships between India and Japan, Ambani said India-Japan relations should not be restricted between government to government or large corporations but a cross section of people.

Speakers from Japan's government authorities echoed his sentiments and said they believed that trade with India will soon exceed Sino-Japanese trade.

(The writer's travel and stay were sponsored by Indian Centre Foundation.)