The Union Minister
for Parliamentary Affairs, Communications and Information Technology,
Shri Pramod Mahajan will release a commemorative postage stamp
on Shri Dhirubhai H. Ambani, Industrialist and Corporate Icon,
at a function in Mumbai tomorrow. Issued by the Department of
Posts (DoP), the stamp is in the denomination of Rs.5/-
Dhirubhai H. Ambani
(1932-2002) played an important role in the country’s quest for
economic growth and regeneration. Rising from humble beginnings
he went on to build India’s largest business conglomerate through
the brilliance of his entrepreneurial genius and sheer hard work.
Among the greatest
contributions of Ambani was the way he generated an equity cult
in India. Starting with the initial public offering of Reliance
Industries in 1977, he attracted a large number of retail investors
to the stock market with issue after issue. The trust that he
earned from millions of shareholders, employees and customers
was crucial to the phenomenal growth of Reliance Industries from
a small time business firm in 1977 to one of the world leaders
within two decades. Analysts have often marveled at four exceptional
qualities of Dhirubhai Ambani which made his incredible success
possible; the spirit of self-reliance, speed, size and scale of
operations and ability to sell products by leading the market.
In business, he adopted a strategy that could never fail – that
of producing goods of high quality and selling them at the cheapest
possible price.
With interests in
oil and gas exploration and production, oil refining, petrochemicals
and power, and with upcoming investments in emerging sectors like
telecom, the Reliance group is today on the threshold of fulfilling
the vision of its founder, of being a globally competitive manufacturer-exporter
that the country could take pride in.
First Day Cover alongwith
the information sheet will be available on sale at all Philatelic
Bureaux/Counters and at selected Post Offices.
