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"Essay About Reliance India"
Essay About Reliance India
Author:
Gina Allred
RELIANCE

India's No. 1 Business Group

Founded as a textile mill in 1966 by Dhirubhai H. Ambani, the Chairman of the Reliance group, Reliance continued to be a textile company until early 1980s.

However, seizing the opportunities emanating from the growing Indian economy as well as the opening up of the regulation-driven sectors of the economy such as petrochemicals, plastics etc., Reliance pursued the policy of backward integration from textiles as well as diversification from the early 1980s onwards to set up world-scale facilities for manufacturing polyester and textile intermediates, plastics and polymer intermediates, detergent intermediates etc.

Diversified business interests

Reliance group's business activities encompass all major growth sectors of the Indian economy:

- Oil & gas exploration

- Refining & marketing

- Petrochemicals including intermediates

- Textiles

- Power

- Telecom

- Information & Communication

- Insurance

- Financial services and so on

Market leader in India

Reliance holds leading major market shares for all its major products in India

Polyesters (Filament Yarn, Staple Fibre and Resin) 51 %

Fibre Intermediates (Purified Terephthalic Acid, Mono Ethylene Glycol, P-Xylene) 78 %

Polymers (Polyethylene, Polyproplene, PVC) 48 %

India's largest exporter

During the year, Reliance's exports, including deemed exports, increased to Rs 11,510 crore (US$ 2,424 million), from Rs 11,200 crore in the previous year, recording an annual growth of 3 per cent. Reliance continued to maintain its leadership position as the largest exporter in the country.

Reliance exports its products to over 100 countries, including the most quality conscious customers in the US and Europe. This demonstrates Reliance's global competitiveness, the world-class quality of its products, and superior logistics capabilities.

The strong growth in exports has been achieved while retaining the thrust on the domestic markets, with exports still representing only 18 per cent of Reliance's gross turnover.

Reliance has set up new export offices in China, UAE, Vietnam, Turkey and Indonesia.

Contribution to Indian Economy

Reliance enjoys a pre-eminent position in India's economy with group...

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10/24/2011
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