Mukesh Ambani gets Asia Society's leadership award

Friday, 21 May 2004, 07:00 Hrs
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WASHINGTON: Mukesh D. Ambani, chairman and managing director of the Reliance Group has been conferred the Asia Society Leadership Award Medal for bolstering relations between India and the US.

The award was given Thursday night at a glittering function hosted by the Asia Society Washington chapter.

The society holds celebrations with one of the Asian countries as the theme at its annual dinner. The 17th annual $250 a plate dinner Friday celebrated India and its relations with the US.

The Reliance group, India's largest business house, is engaged in exploration and production of oil and gas, refining and marketing, petrochemicals, textiles, financial services and insurance, power, telecom and infocom initiatives.

Ambani, a graduate of the Stanford University School of Business Administration, has taken Reliance through a period of major growth as India's economy has opened to the outside world.

Ambani has led the company's emergence from a textile manufacturer into a $20 billion conglomerate, participating in polyester fibers, petrochemicals, petroleum retailing, oil and gas, infrastructure and information and communications.

Ambani thanked the organizers for the award and spoke of his company's latest ventures.

Currently, he said, it is involved in rolling out the largest and most complex information and communications technology initiative in the world, covering more than 1,100 cities across India.

Reliance Infocomm offered a full range of voice, data, video services on the strength of 80,000 km of optic fibre-based terabit infrastructure, at the lowest entry cost and services cost anywhere in the world.

The keynote address was delivered by Senator Hillary Rodham Clinton. As Senator from New York, she has one of the largest constituencies of Indian Americans in the US.

In her address Senator Clinton who recently became the co-chair of the Senate Friends of India Caucus, congratulated the Indian voters on their spectacular demonstration of the power of their votes.

"The smooth transition of power from the Vajpayee government to the one led by the Congress and its allies indicated the sound democratic traditions of India."

Source: IANS
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