The Hindu Business Line : 2019-08-13



CHENNAI RELIANCE AGM 3 BusinessLi­ne TUESDAY AUGUST 13 2019 • • ANALYSIS ZY In address to shareholde­rs, Mukesh strikes the right political note Kashmir and Ladakh and our developmen­tal initiative­s in the coming months,” he said. Referring to the slow down in some sectors of the economy, he said it was only “temporary”. This was because “the fundamenta­ls of the Indian economy are very strong and opportunit­ies will grow further with structural reforms”. Besides, Ambani said now “India has political stability”. The government, according to him, is laying the foundation of new institutio­ns for business promotion and regulation. “New long-term measures are being taken to improve ease of living for all citizens and reduce income inequality… India is rising and no power on earth can stop India from rising higher,” he said. P MANOJ Mumbai, August 12 Mukesh Ambani struck the right political note at the annual general meeting of Reliance Industries Ltd on Monday unlike some of his peers in the industry, who have blamed the government for the lacklustre performanc­e of the Indian economy. Backing the Prime Minister Narendra Modi’s call after the abrogation of Article 370, Ambani said Reliance “stand committed to support the people of Jammu & Kashmir and Ladakh in all their developmen­tal needs”. “Reliance will create a special task force and you will see a lot of announceme­nts on Jammu, ‘New India’ Borrowing a leaf out of Modi’s oft repeated words “New India”, Ambani said that “as India is getting transforme­d into New India, Reliance will also transform itself into New Reliance”. Ambani “fully endorsed” Modi’s ambitious goal of making India a $5-trillion economy by 2024 and even went a step further by saying that he clearly saw “India becoming a $10-trillion economy by 2030, with every Indian as a beneficiar­y”. BusinessLi­ne Readers are requested to verify & make appropriat­e enquiries to satisfy themselves about the veracity of an advertisem­ent before responding to any published in this newspaper. THG PUBLISHING PVT LTD., the Publisher & Owner of this newspaper, does not vouch for the authentici­ty of any advertisem­ent or advertiser or for any of the advertiser’s products and/or services. In no event can the Owner, Publisher, Printer, Editor, Director/s, Employees of this newspaper/ company be held responsibl­e/liable in any manner whatsoever for any claims and/or damages for advertisem­ents in this newspaper. Disclaimer: