RIL building Indo-US partnership, says Ambani | business | Hindustan Times
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RIL building Indo-US partnership, says Ambani

business Updated: Jun 28, 2007 14:59 IST
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India's most valued company Reliance Industries is building partnership with the US in many of the sunrise areas like life-sciences, biotechnology and retail.

"Reliance is hugely US-centric spanning different areas such as energy, retail, life sciences including bio-technology and integrated infrastructure.

That is how Reliance is involved with the United States," RIL Chairman Mukesh Ambani said in Washington after receiving the Global Vision Award 2007 for Leadership from the US-India Business Council on Wednesday.

He said with the new sense of confidence that India has achieved, the country can build a strong partnership with the US on a wider canvas.

Ambani said that agriculture offers a great opportunity for the private sector in India along with energy and renewable energy areas.

Expressing concern over the benefits of globalisation not reaching the poor, Ambani said innovative business models could help bridge the gap between the islands of prosperity and vast poverty in the world.

"While globalisation has created specialised places, we cannot have islands of prosperity with places of poverty and squalor," he said.

He said the world a skewed place where 15 per cent of the global population were getting away with 85 per cent of the income.

"A lot of people say the world is flat. I think it is spiky" Ambani said.

He said his father late Dhirubhai Ambani believed in the democratisation of wealth and in the youth.

The power of youth is the mainstay of RIL, which is India's number one company in terms of market valuation. The average age of the RIL's 100,000 employees is 29 years.