Date:12/08/2004 URL: http://www.thehindubusinessline.com/2004/08/12/stories/2004081201460500.htm

Back Evolve policies to capture $600-b commodity market, says Mukesh

Our Bureau

New Delhi , Aug. 11

THE Chairman and Managing Director of Reliance Industries Ltd, Mr Mukesh Ambani, has asked the Government to evolve economic policies, which would enable India to become a global player in commodities trade for products such as agriculture, bullion, edible oils and metals to enable it to capture a $600-billion market.

In a statement issued by the Associated Chambers of Commerce and Industry of India (Assocham), Mr Ambani was quoted as saying that "just four commodity categories can make a $600-billion opportunity happen — agriculture, bullion, edible oils and metals. This will necessitate a new paradigm in trade — from an enabler of enterprise to an engine of economic growth''.

Mr Ambani's presentation on the above issue is to be unveiled at the JRD Tata Centenary Celebration to be hosted on August 24 under the aegis of Assocham.