Mukesh Ambani bats for the Nano
In a rare show of solidarity for a fellow industrialist, Mukesh Ambani came out in support of Ratan Tata’s Nano venture at Singur by terming the small car project one of “national importance’’ which deserved to be allowed to function without any hindrances. In a statement, the Reliance Industries chairman said: “The Nano project is a unique and innovative initiative which will establish India’s position as a small car hub. Indian industry must be encouraged to make such large investments in order to build the country’s competitiveness as well as support job creation.’’ Claiming that a “fear psychosis’’ is being created to slowdown a few projects of national importance, Ambani said this would be counterproductive for the country’s economic growth, its global image as well as its ability to attract investments from across the world. “Indian industry and the political leadership in the country need to work together to deliver on the aspirations of the millions of Indians in urban and rural areas,’’ Ambani said. Mukesh Ambani’s decision to comment on the Nano venture is somewhat unexpected because the older Ambani brother always prefers to keep a low profile and is not known to comment publicly on controversial issues. The Reliance chairman, who usually evades the media as far as possible, has never commented on his very public spat with his younger brother.
Labels: Mukesh Ambani Tata Nano