India must redefine its manufacturing sector to boost growth: Mukesh Ambani

Billionaire Mukesh Ambani, chairman of Reliance Industries Ltd., said India must redefine its manufacturing sector to boost growth.
 

“There is a need to rethink and redefine manufacturing in India. We need to strengthen our small and medium scale enterprises,” Ambani said at an online book launch on Monday evening, in response to a question on what can make Indian manufacturing more competitive. “There should be a focus on bricks as much as clicks.”
 

The comments from Asia’s richest man come as Prime Minister Narendra Modi’s government is trying to revive an economy poised for a historic annual contraction, following a