RIL exports to cross $10 bn mark this fiscal: Mukesh
He said in an interview with private news channel Times Now that the changes brought about by economic reforms in India had enabled the company to grow and become globally competitive.
By PTI |
NEW DELHI: Leading industrial house Reliance Industries Ltd (RIL) on Wednesday said its exports will cross the 10 billion dollar mark this fiscal, while its Chairman Mukesh Ambani reiterated that Special Economic Zones (SEZs) were key to India's future growth.
"...this year Reliance's exports is going to cross 10 billion dollars. Reliance's exports will be Rs 45,000 crore a year," Ambani said
He said in an interview with private news channel Times Now that the changes brought about by economic reforms in India had enabled the company to grow and become globally competitive.
On the issue of SEZ, Ambani said the current ambiguity in the policy was not going to be a deterrent for corporates to enter it.
"No I don't think so. Ultimately as India progresses we need to create more manufacturing and services jobs," he said when asked if issues like 'social impact assessment' would drive away corporates from investing in SEZs.
Ambani also sought to downplay issues relating to land acquisition for creating SEZs saying, "when you compare the total land that India has and those used for SEZs, it is minuscule."
He also insisted that SEZs were aimed at improving the the quality of life of people, not deteriorate, and it would be key to India's future growth.
"Fundamentally, SEZ is employment-led, it attracts capital from across the world and it help them to take advantage of India's huge talent, so that we can create world competitive manufacturing and services job," he said.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
