Reliance industries today evinced keen interest in the Life Science Sector apart from expanding its existing petrochemical business “If the chemical industry adapted Physics in the 20th century, it will embrace Biology in the 21st century,” said the Reliance Managing Director Mukesh Ambani at the on going India Chem 2000 Conference. He informed that Reliance would participate in the Life Science Sector. When questioned whether this would be through mergers and acquisitions, he told the reporters, “we will explore all opportunities.” Calling for a change in our cottage industry mindset and building of global size companies, he said, “we will take all the advantage of the changed scenario.” Ambani said that the petrochemical sector in India was poised to grow and there would be mergers and acquisitions in the sector. Ambani said that the petrochemical sector in India was poised to grow and there would be mergers and acquisitions in the sector. Although he refused to divulge whether RIL would participate in IPCL sell-off and the group`s mega plans, he said, “we are waiting for the government decision.” Reliance Industries is one of the parties interested in acquiring stake, in state-owned Indian Petrochemicals Corporation Ltd. (IPCL), which is being divested by government. The company which would eventually get government`s 25 percent stakes would also enjoy the management control in IPCL. Ambani said that the group had initiated the process of coming up with its next mega project Reliance Info, a Bbroad Band Network in 115 cities. The Rs 15,000 crore Information Technology and Telecommunication Project spread over next year and a half was slated to be a world-class all optic protocol-based network and would be through green field projects rather than through acquisitions and takeovers. He also informed that the group had finalized the persons who would head its life and non-life insurance ventures, but refused to name the persons. Bureau Report