Yes, both are in a race to set up SEZs across the country. If Reliance Retail is bulldozing its way across urban India, Anil is also said to nurture retail ambitions through his Java Green Coffee shops that can be found at Reliance Infocom outlets spread across the country. The electoral defeat of Mulayalam Singh Yadav in Uttar Pradesh might have been a setback for Anil (the new Mayawati government has asked for a review of the ambitious SEZ in Dadri, near NOIDA); it just might be so that when it comes to clout at access to the powers that be, Mukesh enjoys an edge at the moment. Yet, no sensible analyst can afford to conclude that Mukesh has gone so far ahead in the race that Anil will well nigh find it impossible to play catch up. Says Jain of Indus View, “Mukesh gets a larger base to grow than Anil. In terms of being bullish, I would rate both of them on an equal platform. RIL has traditionally done well and has been riding high due to the gas pricing. Their foray into retail, SEZs, et al has firmly set them in the market and are bound to grow. ADAG, on the other hand, is into consumer entertainment, financial services and healthcare, which are high growth sectors and are bound to grow in the medium term in future.”
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Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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