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| World Home » Business » | Sat. Jul 19, 2008 |
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India can generate one million jobs: Mukeh Ambani MIL/Newsweek, Nov 4, 2007. November 04, 2007 - Newsweek magazine's international edition has devoted a full length cover story on Mukesh Ambani, describing him as India's most influential businessman and one who thinks bigger than the rest. Some excerpts of the interview : Mukesh Ambani says : India can generate one million jobs. Q: You say India's competitive advantages are globalization, democracy, the ability to adapt to technology, and demography. Starting with democracy, doesn't it slow growth? A: Sure, but increased aspirations are also driving growth. Politicians used to tell me: 'We sell dreams to people that we knew we'd never be able to fulfil'. Today, the mindset of these politicians has changed. They genuinely believe we have an opportunity to substantially alleviate poverty by 2030. Q: How does technology fit in? A: We are using new technologies in meaningful ways. To build our new refinery in 60 per cent of the time it took to build our first, we are training 20,000 people in a new generation of welding technology in six months. This is where demographics come in. We have 650 million people who are below their early 30s, while the US and Europe face a shortage of skilled workers. A billion people used to mean lots of problems. Today I see a billion people as a billion potential consumers, an opportunity to generate value for them and to make a return for myself. Q: How do you motivate poor farmers to join your new farm-to-retail network? A: We will work with farmers to get them to increase their productivity and produce the right products of the right quality. This also requires a major investment in technology because there are minimum import standards [overseas]. We are also creating something that is totally missing in India: an efficient distribution system, linked to supermarkets across the world. This will generate up to one million new jobs and make us the largest private-sector employer in India. Full Story: http://living.oneindia.in/insync/mukesh-ambani-newsweek.html
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