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• The Reliance Industries is expected to make a major investment in the city. The Mukesh Ambani-led company, which has bagged the 4G licence for telecommunications, is likely may make Nagpur as the transmission hub.Ambani, who was the chief guest at a convocation function of the Institute of Management Technology (IMT) which is about 40 kms from the city, told newspersons that Nagpur's central location may be ideal as a hub for the company's 4G telecom operations.The top bizman, who refused to speak much on the economy in general or Reliance's affairs, added that this would be a major investment with technical infrastructure being set up here. Reliance had earlier taken over DCL Polyester's unit at Mouda, for which the business tycoon hinted of expansion plans too.

• Meanwhile, sources wishing not to be identified said that the company has almost completed the testing of the technology in various circles. With the vendors being shortlisted, services are expected to be launched in phases from the third quarter of the next financial year.Ambani, who also expressed the need of world class educational institutions, said India does not even figure in the top 100 in the global list of countries which offer quality education. He said the group is planning to come up with some not-for-profit educational institutes.

• Donning a mentor's role while addressing IMT students, Ambani said India is poised to emerge as the centre for global economic activities with the tilt gradually shifting to Asia from Europe and America. Exhorting the young management graduates, he said this would happen in the next three decades."This century is poised to become India's century. However, we have to seize the opportunity and it requires effective leadership. Many Indian businesses have become global leaders and many more will follow soon," said Ambani.

• "Back in the 1980s when I was 25 years old I did not get many opportunities. It is the once-in-a-lifetime opportunity for the young generation now," he said.He added that growth does not mean financial parameters alone. "Rather, Indian businesses have to earn the respect of million of Indians. This can happen through the social and economic transformation which businesses can bring into the people's lives," he said.

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