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No change in tariffs: Ambani

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September 01, 2004 15:11 IST

Amid the ongoing tariff war in the telecom sector, Reliance Infocomm chief Mukesh Ambani on Wednesday said there would be no significant change in the ruling tariff structure.

He, however, said that Reliance Infocomm was looking at a growth rate ranging between 20-25 per cent.

"Total value to the consumer is more important than price alone. It is only one important component for the industry," he said.

Evading a direct reply when asked whether the price war would see a further dip in tariffs, Ambani told a private TV channel that he saw continuity in generating more value-added services like low cost electronic security and GPS services for customers besides growing partnership between various industries.

He said Reliance was 'on track' and would post a growth of about 20-25 per cent. "In India on the whole, I see an incremental growth for the industry," Ambani added.

To a question, he suggested using exchange rate as a tool to fight inflation.

"On the export front, we should remain competitive. Exchange rate can be used as a tool to fight inflation and also be competitive in export market," he said.

Terming the automobile sector as the 'mother industry,' he said India's auto industry has come of age and was a major force not only in the region but around the world.

"We believe auto industry drives the mainstream economy and inter-connects all segments of industry. It unbundles opportunities for others in sectors like polyester, plastic, synthetic rubber, steel and information technology," he said when asked what brought him to the automobile convention being held in New Delhi.

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