13 Jul '11, 11am

Read | India's richest man attacks Western charity ethos via @cmswire

Read | India's richest man attacks Western charity ethos via @cmswire

India's wealthiest man Mukesh Ambani (above) on Sunday criticised Western philanthropy as counter-productive and said his own country's approach to charity gave more self-respect to the needy. -- PHOTO: AFP NEW DELHI - INDIA'S wealthiest man Mukesh Ambani on Sunday criticised Western philanthropy as counter-productive and said his own country's approach to charity gave more self-respect to the needy. Mr Ambani, who heads petrochemical giant Reliance Industries, said that rapidly-growing India could create a more sustainable model in which businesses were an beneficial part of society. Speaking in New Delhi, he described corporate charity in the West as 'a system where the more privileged is able to share a certain proportion of their wealth with the less privileged'. 'I fundamentally believe that that kind of charity is by and large a disempowering tool. It increases depen...

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

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