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|October 14, 1998||
Dhirubhai Ambani makes it to Asiaweek's Hall of Fame
Chairman of Reliance Industries Limited Dhirubhai Ambani has been chosen by Asiaweek magazine for its 1998 business hall of fame.
In its forthcoming issue dated October 16, 1998, Asiaweek magazine has chosen Ambani among the four Asian businessmen it is honouring for having faced the toughest of times and succeeding in spite of them.
''Asian business people have always faced challenges, as those honoured in the 1998 Asiaweek business hall of fame attest,'' says Asiaweek, explaining the criteria of selection.
Asiaweek points out that Ambani's is a story of how a little guy from Gujarat built an Indian industrial empire.
Reliance is the largest corporation in India and is still expanding at a pace that makes the old money empires look slothful.
Reliance owes its position almost entirely to Ambani, 65, a man who combines the shrewdness of the Gujarati bsuinessman with American-style entrepreneurship and a Japanese penchant for technology, says Asiaweek.
Apart from Ambani, the three others in the Asiaweek hall of fame are Yamauchi Hiroshi of Nintendo (Japan), J Y Joe Pillay, former chairman of Singapore Airlines (Singapore) and Jaimc Zobel de Ayala, head of the house of Ayala (the Philippines).
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