India’s Vanisha Mittal, Isha Ambani and Pia Singh, daughters of Billionaire Lakshmi Mittal, Mukesh Ambani and K P Singh have grabbed the top 3 rankings in the forbes World’s Billionaire Heiresses.
Vanisha Mittal Bhatia, the richest heiress in the world, is also the daughter of Lakshmi Mittal, whose empire is valued at $45 billion. She is a graduate of the European Business School and sits on Mittal Steel’s board of directors.
Reliance is a formidable player in the polyester fibre and yarn business, with a global Marketshare of 7%.
The acquisition (of assets of Hualon, Malaysia, by RIL in September 2007) has increased the polyester capacity by 25% to 2.5 million tonne per annum. The new 2.5 million tonne per year paraxylene manufacturing facility in Jamnagar will provide a platform for growth in the polyester business in India and abroad, said said Mukesh Ambani, chairman and managing director, RIL, at the 34th annual general meeting of the company in Mumbai.
Reliance Industries Chairman Mukesh Ambani is going to steer the India- Russia CEO’s Council , which was established to strengthen bilateral business cooperation in the areas of oil, energy, power, transport, telecom and high technology.
10 CEOs each from India and Russia will be on the Council, will work towards converting about billion dollars worth projects under discussion and explore new areas for trade and investment.