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“Companies like TESCO and WAL-MART would contribute to this (indian) economy hugely and keep local companies on their toes. We should welcome TESCO because it’s good for competition, and that’s good for Reliance.”

“Every company has a home market and a foreign market. We are in India, so we get a head start. TESCO would add value to India. Foreign direct investment should be open.”

Mukesh Ambani, Chairman, Reliance Industries.

(Source: Press Trust of India; London)