To enter the Indian market, foreign companies are almost inevitable to deal with Xinshi Industry.

In the past weekend, many business leaders from all over the world and celebrities from all walks of life rushed to the Indian Economic Center Mencius. They rushed to speak at the Summit Forum, but to participate in the Asian richest man Muksh Ambani.The wedding of his son Aste.

These people include Indian Prime Minister Modi, former British Prime Minister Johnson, and Samsung Electronics President Li Zaiyu, etc., and Mumbai Airport stopped private planes.These celebrities are very busy everyday. Running far away is not as simple as going to the wedding. What they value more is the important position of the Ambani family and the big Indian market behind it.

The Reliance Industries, the Ambani family, is one of the largest private companies in the world. Industry involved in business includes petrochemicals, textiles, financial services, infrastructure, telecommunications, energy and retail.Including, foreign companies enter the Indian market, and they are almost unavoidable to deal with faith.

The wedding for half a year

For ordinary Indian people in the city, the wedding is generally a long time or a day.In a more traditional community, weddings sometimes last for a few days or a week.

But Aste's wedding lasted for half a year.

As early as March of this year, Arnte and fiancee, Radhika Merchant, held a three -day pre -marital party in the manor of Gujilatbon in his hometownKanpur Investment. At that time, 1200 guests from all over the world, including famous American companies, were invited.Home and Charity Bill Gates, Social Website Facebook's parent company Meta founder Zuckerberg and so on.

American singer Rihanna and many Bollywood stars performed on stage.It is reported that Rihanna's appearance fee is between 8 million and $ 9 million. Rihanna performed for a total of 90 minutes and sang 19 songs.

In May of this year, Ambanic's family took guests from Italy to France for a three -day pre -marital cruise trip, and invited many stars to help with the boat.

At the wedding on July 12, the Ambani family invited Hollywood singer Justin Bieber.It is reported that Justin Bieber's paid was $ 10 million.The huge sums of money invites international front -line stars to participate in the wedding in India, so that the Anbani family has once again the focus of discussions between India and the international community.

In addition to the formal wedding on the 12th, the Hindu prayer ceremony was held on the 13th. Modi appeared at the wedding scene that night and held an enrollment banquet on the 14th.

Although the Ambani family has remained silent about the pre -government list of the former politics, many prominent characters have been dug out according to the photos: former British Prime Minister Blair and Johnson, former US Secretary of State Kerry, and former Canadian Prime Minister Harper.

It is estimated that the Ambani family spent 50 billion India rupees (about 4.34 billion yuan) for the entire wedding.In addition to various invitation costs, even the cost of invitation is not small. Each invitation set is worth 600,000 to 700,000 Indian rupees (about 52,100 to 60,800 yuan).

The Ambani family has always been generous for the wedding.When Ambani's daughter was married in 2018, the wedding was also very grand. Former US Secretary of State Hillary and Kerry also attended the wedding, which once made the Ambani family occupy the headlines.

The Indian people see the symbol of power and status, and especially like to spend money at the wedding.A report issued by Jefu Rui, an investment banking company, showed that India's wedding industry has flourished in recent years, with a scale of US $ 130 billion.The average cost of luxury weddings in India is between 200,000 and $ 400,000, which does not include buying jewelry and clothing.

The luxury of the Ambani family wedding also highlights the increasing gap between the rich and the poor in Indian society.In order to highlight social responsibility, the Anbani family held a collective wedding for more than 50 poverty couples before July 12.

The European Think Tank "World Irregulation Laboratory" recently released a report saying that as of March 2023, India's richest 1%of the population controlled 40.1%of the country's wealth, and its revenue has reached 22.6%of the country's total revenue. Both data are bothReaching the highest level of history since statistics.India has become one of the countries with the worst gap between the rich and the poor in the world.The report also pointed out that due to statistical data quality problems, India's actual level of the gap between the rich and the poor may be more severe than the situation shown in the report.

The rise of Shinshi Industry

Compared with the previous wedding of the Ambani family, the proportion of the number of giants from global corporate giants on this wedding guest has increased significantly.On the one hand, the Ambani family hopes to show confidence and strength to the outside world through the wedding, and the Anbani family can leverage so many entrepreneurs to gather Mumbai, which has also promoted its increasing influence.

The faithful industry controlled by the Ambani family was founded by Ambani's father Dhirubhai Ambani in the 1960s. It was first engaged in textile manufacturing.In the 1980s, Xinshi Industry entered the petrochemical field and gradually became one of the world's largest refining companies.

After taking over the enterprise in 2002, Anbani continued to promote the diversification and globalization of the company.The enterprise gradually entered the telecommunications industryNagpur Investment. In 2016, the Shinshi Jio (Reliance Jio) was launched. Jio quickly attracted hundreds of millions of users with competitive prices and high -speed networks.Essence

However, the critics of Ambani said that the reason why companies can flourish are mainly due to the political relations of the National Congress during the ruling period of the National University and the political relationship with Modi after 2014.Efforts made the Ambani family.

Today, Ambani is the first and ninth richest man in Asia, with assets of $ 116 billion.Ambani, who is 67 years old, has gradually handed over his power to his children.The eldest son Akash Ambani is now the chairman of the Shinshi JIO, and the daughter Isha Ambani is responsible for the retail business, and Aande, who has just married, entered the new energy industry.

With its huge influence in the Indian market, Xinshi Industry has attracted a large amount of international capital investment.In 2020, the Xinshi E -commerce JIO platform received huge investment from Meta and Google from Facebook's parent company.

Meta invested $ 5.7 billion, holding 9.99%of the JIO platform, while Google invested $ 4.5 billion and held 7.7%of the JIO platform.The two companies hope to get in India's e -commerce business through investment faith. This is why Zuckerberg came to the Ambani family wedding not far away.Simla Investment

However, James Crabtree, who had served as the CEO of Asia, the Institute of International Strategy of the British Think Tank, said that entering the Indian market, foreign companies can choose to compete with faith or cooperate with it.Zuckerberg chose to cooperate with faith, while Amazon decided to compete with him, but because of the lack of fair competition, "foreign companies are often the failed party."

Looking at the huge development potential of the Indian e -commerce market, Amazon has established the Indian e -commerce business early in order to drive performance growth.However, after many years of work, Amazon has not been able to make a profit in India.

Data show that in fiscal 2023, Amazon's market business "Amazon Seller Services" revenue was 2219.8 billion rupees, an increase of 3.4 % year -on -year.However, due to Amazon's expenditure in logistics transportation, advertising, legal counseling, etc., the net loss in the fiscal year reached 485.4 billion rupees (about 42.17 billion yuan).Essence

However, companies do not have no way back in the Indian market.In 2019, Disney entered the Indian market high -profile, and as a result, he soon encountered difficulties and finally chose to compromise.At the end of February of this year, Walter Disney and Indian Shinshi Industry issued a statement that the two companies will jointly create media companies in India. Among the new joint ventures, Xinshi accounts for over 63%of the shares, and the rest are held by Disney.

In any case, India's vast market has a full temptation for foreign companies.India is now the world's fastest -growing large economy.In particular, the United Nations has recently raised India's growth rate of GDP in 2024 (GDP) from the original 6.2%to 6.9%. The reason given is stable public investment and strong private consumption.