Not that he is relying merely on retail to 
fuel growth. With Reliance Petroleum, Mukesh has demolished this myth about his relative weakness in the arcane area of finance. The new refinery at Jamnagar will be the cheapest green field refinery in the world and the second largest. The new refinery, along with the Godavari gas, promises to generate another Rs.500 billion in revenues every year, by 2010. The third prong of his growth strategy is the slew of SEZs that Mukesh is launching across the country. The SEZs will not merely take advantage of liberal tax breaks to generate huge amounts of cash flow. They will also be Mukesh’s way of controlling valuable real estate across the country in clusters that are close to urban agglomerations. Can Wal-Mart ever hope to match up to this? If things pan out as planned, Mukesh could well be controlling a global business empire that generates more than $70 billion in revenue every year. Can Anil match that?
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fuel growth. With Reliance Petroleum, Mukesh has demolished this myth about his relative weakness in the arcane area of finance. The new refinery at Jamnagar will be the cheapest green field refinery in the world and the second largest. The new refinery, along with the Godavari gas, promises to generate another Rs.500 billion in revenues every year, by 2010. The third prong of his growth strategy is the slew of SEZs that Mukesh is launching across the country. The SEZs will not merely take advantage of liberal tax breaks to generate huge amounts of cash flow. They will also be Mukesh’s way of controlling valuable real estate across the country in clusters that are close to urban agglomerations. Can Wal-Mart ever hope to match up to this? If things pan out as planned, Mukesh could well be controlling a global business empire that generates more than $70 billion in revenue every year. Can Anil match that?For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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