Wednesday, June 21, 2006

KemCho Mukeshbhai


Desi Fun(da)

Am sure Mukeshbhai's answer to that would be "Majjama". The recent announcement by Reliance Industries to setup the largest SEZ in India at Haryana has bought in a great attention to itself. The location of the zone is strategic, being right next to Gurgaon on the NH8 it will be situated close to New Delhi, which would be an ideal gateway for top executives and being close to Gurgaon the working population will have a well planned town which is already in place. Being spread across 25k acres of land and having its own cargo terminal and power plant it is bound to bring in a rich flow of investment in the manufacturing sector.

Recently Chidambaram was heard saying "Make a list of all the things that block you from achieving 12% growth in manufacturing" to captains of Industry. With that kind of a push Mukeshbhai is on the right track to strengthening his empire. Am sure Narendra "Anti-Muslims" Modi must be fuming considering that Gujarat has been trying to hard sell itself as a sound investment destination especially in manufacturing.

There was a subtle statement made by Mukeshbhai during this press announcement "I would rather make headlines by action than by announcement". Ouch that was definitely a shot at the media-savvy younger bro Anil. A recent article showed that after the settlement between the brothers Mukesh's empire has shown solid growth while Anil's mcap has gone down considerably. While Anil's portfolio is definitely next-gen and with ample opportunity of growth it could never beat the black gold that Mukesh will hold in RIL and RPL. Well lets wait and watch as this generation of Ambanis play their cards and see how much investor wealth they can create in comparison to the legendary Dhirubhai.

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