We want Tata's and Mittals, but not Ambani.......................................
Don't we Dear Mr.Das? BKPait Manager: ISOM 7886 >>> "Manoj Das" <[EMAIL PROTECTED]> 11/7/2007 6:42 AM >>> Ditto Rajni! I have great regards for Umesh's wisdom and judgement, but the headline of his last email on Ambani's gift was something out of place. Mukesh's billions belong to him legally, he is free to dump it in the Arabian Sea, we needn't bother about that. Ambanis and Mittals are different genre of entrepreneurship. Mittal initially bought sick steel plants cheap from governments and turned those around with Indian management skills. He leveraged his Brand Equity(BE) to play in the market, and bought many more plants and ultimately Arcelor to became the largest producer of steel in the world. I feel he has all his eggs in one basket and current boom in the steel business is due to the break neck consumption of steel in China due to the Olympics and construction boom in BRIC countries. He nonetheless epitomizes the Indian entrepreneurship abroad. Ambanis' greatness lies in creating world scale production facilities in India. They like any other successful people found to trick to tackle the system, against which we should not have any grudge; we might just have plain green envy. They have invested in greenfield projects on mega scale and leveraged the BE to raise funds from millions of small/other investors to create wealth. They must have siphoned off large chunks as any businessman do- but it's possibly legal otherwise they would have been behind bars. I am proud that we have great entrepreneurs like Ambani, who will propel India into a great industrial power and someday buy Exxon-Mobil, GM, AT&T, PEPSI or Coca-Cola and gift their wives some islands in the Pacific Atoll on birthdays as exclusive resorts. A quick 'jhalak' at what Ambani Sr. is doing to create a personal wealth of $100 Bn by 2012. 1. Refinery: Existing one with capacity of 30 MMT per year. Another 100% Export Oriented refinery of 27 MMT under construction at Jamnagar costing $6 Bn. together with the existing one, it will be the world's largest refinery in 2008. 2. Oil & Gas: Reliance is ambitiously exploring fossil fuels in India and Overseas. Size: 425000 Km. It has drilled 51 exploratory wells with a success rate of 61%. Location: Krishna Godavari Basin (Deep sea exploration at 4.8 Km). depth of pipeline 3 Km. Building pipeline grid (6500 km) across the country to market the gas with current reserve of 11.3 Trillion Cu Ft. Currently training 9000 welders, fitters at Jamnagar Craft Training School. Stopgap labour import from China- 6000. Investment: $9 Bn 3. Retail: It is shooting for a slice of the growing retail market (Rs. 160000 cr now). In less than a year it already has 300 outlets in 30 cities and 12 states. Through retail it plans to create 5 lakh jobs, and give farmers better planting material, more value for products and assured market. The roll out includes from fresh vegetables to garments. Plan to cover 2500 towns, 120 million sg ft. Investment: $9 Bn 4. Special Econimic Zones (SEZs): Setting up 4 SEZs in Jhajhar, Jamnagar, Raigad and Navi Mumbai spread across 300 sq km. Investment: $ 6.5 Bn. These will be Indian's shopfloors to counter China's competitiveness. Now RIL makes Rs. 14 crore ($3.5 Mn) per hour. This year it will have a turnover of Rs. 128000 crores ($32 Bn) and net profit of Rs. 15000 crores ($3.75 Bn). By 2009 RIL will generate cash reserves of Rs. 60000 ($ 12 Bn) a year and by 2012, challenge for Mukesh will be to invest Rs. 300000 ($75 Bn) profitably. If he spends portion of his money for personal gratification, we must excuse. After all it's giving employment to those at Seattle:) Currently Mukeshbhai is building his 360 degree sea view mansion of 60 floors at Altamont Road with a home theatre, lap pool, helipad at an investment of Rs. 600 crores. Era of Indian commercial colonialism may have just began- beware west...just joking:) <[EMAIL PROTECTED]> wrote: http://groups.yahoo.com/group/assamonline/message/3805
