GST will make India One Market, says Mukhesh Ambani

Dated 25th September, 2014

Reliance Industries Ltd (RIL) chairman and managing director Mukesh Ambani on Thursday said the company’s over Rs.1.8 trillion investments will fructify in 12-15 months. These investments will help in creation of 0.12 million jobs, he said.

“We have exports of over Rs.2,75,000 crore to over 140 countries and our investments of over Rs.1,80,000 crore are coming into fruition in the next 12-15 months. We would be creating over 1,25,000 jobs in India in the next 12-15 months,” Ambani said at the launch of government’s “make in India” programme.

He said in order to succeed in the ‘make in India´ movement it is important to be open to capital and expertise from all over the globe. “It is important to connect village clusters with the international markets and not only domestic markets by building the physical infrastructure and virtual infrastructure so that all our goods and services are connected to all markets,” Ambani said. He also lauded the initiatives taken by the government on implementing the goods and services tax (GST), saying it will make India one market and strengthen the programme. RIL’s activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals, textiles, retail, infotel and special economic zones.

Prime Minister Narendra Modi on Thursday kicked off the “make in India” programme that will focus on creating physical infrastructure as well as building a digital network for making India a hub for global manufacturing of goods ranging from cars to softwares, satellites to submarines and paper to power.