Reliance Industries Chairman Mukesh Ambani said he will be working towards the transformation of India into a digital society, transforming the education and skill base of the country, and move away from fossil fuels towards renewable energy.
“I am working toward three things. The first is the transformation of India into a digital society and that digital society incorporates all the future industries so that the next 30 years of India is 100 times, like what we had never imagined,” said Ambani at an event.
He detailed his second step – the education sector, where at any given point of time there are 200 million children. “It is time to transform our education sector. It will take us eight to 10 years to completely transform the skill base of India. I think that we have the formula to convert that magic into reality and establish linkages between academic institutions in the real world with skill training and employment in a way that actually sustains India are much higher quality or better jobs”.
The head of one of the largest petrochemical companies in the world also spoke about moving towards clean energy as his third goal. “The third thing that we’re working towards is really a transformation of energy. And we think again that the world is right and India is in the right mindset to completely in the next few decades, move away from fossil fuels to completely renewable energy”.
He also went down the memory path and said how a push from his late father, Dhirubhai Ambani, towards new technologies, beyond a textile led business house, led to the birth of Reliance Jio Infocomm (Jio).
“Our view was that at the end of the day, we’ve got to embrace the technologies of the future. And this was my father’s view, he always said that I don’t want to be only a textile company. If you want to move from textiles, you should move to businesses of the future and you should invest in next-generation talent. And that is what we’ve done,” said Ambani.
“And even when we thought through telecom together, the roadmap was very clear. The roadmap was that, yes, it will be at the price of a postcard, and technology evolves…today it is free,” he added.
Reliance Jio was launched in 2016 and today has more than 400 million subscribers. Jio’s digital arm- Jio Platforms has recently received Rs 1.52 lakh crore from 13 global investors including Facebook and Google, for nearly 33% stake.
Ambani spoke on how his textile firms have created PPE kits to tide over the Covid-19 crisis and said that sectors need to embrace technology and future industries. He said sectors need to adopt technology faster to keep abreast of the changes.
“With what our IT industry has done and we have done in communications, we are leaders in the world in information. We have to now convert that to intelligence, we have to have the best human resources, and we have to have our own energy. If I can play my small part in actually achieving this and create institutions that will perpetuate and sustain that, then I would have done my job. I don’t know whether I will succeed or not.,” said Ambani.