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Monday, January 7, 2013

Ambanis chart different paths for biz with dragon


    Of late, Reliance ADA chief Anil Ambani has been strengthening ties with Chinese banks and other firms for his group's businesses spanning power, telecom and real estate. His elder brother and Reliance Industries chief Mukesh, however, has kept the Chinese at an arm's length. Whether it's due to the bad experience with Chinese companies when RIL took on the task to lay the 
East-West pipeline, or geopolitical risks, the senior Ambani has not selected a single Chinese vendor for his $10-billion broadband foray. Instead, he has joined hands with global vendors like Samsung, Cisco, Alcatel-Lucent, IBM, HP and Ericsson. This, despite Mukesh Ambani's visit to Huawei Technologies' facilities in China in 2011 to find a superior technology to LTE, a cutting-edge mobile communication platform. 





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