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'India is a land of billion opportunities'

May 02, 2008

Business leaders across the world must come forward to correct the 'imbalance' in terms of incomes of the rich and the poor, Mukesh Ambani, chairman of the Reliance Industries said.

"We cannot have islands of prosperity in the oceans of poverty and squalor, and for businesses to win respect, they have to come with new business models that balances the world," Ambani said in his address at the Waldorf Astoria hotel in New York after the America India Foundation (AIF) honoured him for his economic and philanthropic commitment during its spring gala fund-raising event.

Text: Suman Guha Mozumder in New York

Image: Mukesh Ambani, chairman of Reliance Industries talks at AIF Fifth Annual Spring Gala, The Waldorf-Astoria Hotel| Photograph: Paresh Gandhi

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