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“India Has Opportunity To Become One of The Top Three Economies in The World”, Says Reliance Chairman Mukesh Ambani

The RIL chairman said that empowering small and medium businesses would be key to driving India's growth faster

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Mukesh Ambani
The RIL chairman said that empowering small and medium businesses would be key to driving India's growth faster. Wikimedia Commons

Riding on the power of technology, India has the opportunity to become a premier digital society and one of the top three economies in the world, Reliance Industries Ltd (RIL) Chairman and Managing Director Mukesh Ambani said here on Monday.

Ambani said that India has the opportunity to become the most technically-enabled society where all the development could be powered by the tools of technology. “We can argue about whether it will happen in five years or 10 years but it is going to happen, and we will be in the top three countries in the world,” he said in a fireside chat with Microsoft CEO Satya Nadella.

The RIL chairman said that empowering small and medium businesses would be key to driving India’s growth faster. “Every small business and entrepreneur in India has the potential to become a Dhirubhai Ambani or Bill Gates. And that is the power that differentiates India from the rest of the world,” he said during Microsoft’s “Future Decoded Summit” here.

“I think that the entrepreneurial power that we have at the grassroots is enormous. We have to realise that small, medium and micro enterprises provide 70 per cent of India’s employment. They drive 40 per cent of India’s exports,” Ambani added. India has transformed tremendously over the past two decades — from a $300 billion economy in early 1990s to becoming a $3 trillion economy in 2020.

“And I think, I can easily say that the mobile networks in India now are better or at par with anybody else in the world,” he said. About 38 crore people have migrated to the 4G technology platform offered by Jio in about three years, Ambani informed, adding that since the establishment of Jio, average data rate has come down drastically in India — from Rs 300-Rs 500 per GB to Rs 12-Rs14 per GB.

Congratulating Nadella for his leadership of the organisation, Ambani said that the collaboration between Microsoft and Jio would be a defining partnership of the decade. RIL in August last year announced partnership of its subsidiary Reliance Jio Infocomm with Microsoft in the technology space, including creation on cloud solutions.

As per the partnership, Jio will leverage the Microsoft Azure cloud platform to develop innovative cloud solutions focused on the needs of Indian businesses. Jio will set up data centres in locations across India, consisting of next-generation compute, storage and networking capabilities, and Microsoft will deploy its Azure platform in these data centres to support Jio’s offerings.

Mukesh Ambani
Riding on the power of technology, India has the opportunity to become a premier digital society and one of the top three economies in the world, Reliance Industries Ltd (RIL) Chairman and Managing Director Mukesh Ambani said here on Monday. Wikimedia Commons

Nadella said that the mission of Microsoft is to help organisation to become independent — not dependent — to build their own Artificial Intelligence and other tech capabilities, and tech intensity. “In the next decade, our main investment will be on making software engineeres that organisations hire more productive,” Nadella said, adding that Microsoft will build complete toolchain for developers.

The Microsoft CEO said that the increasing rate of digitization of people, places, and things, will be the defining secular trend over the next 10 years. Saying that Microsoft’s differentiated approach across the cloud and edge is winning customers, Nadella said that Microsoft now has 57 data centre regions in the world.

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In India, Microsoft has three data centre regions — Mumbai, Pune and Chennai — besides a Cybersecurity Engagement Centre in New Delhi. (IANS)

Next Story

IBM Offers Agritech Start-Ups To Boost Up Agricultural Production in India

All the agritech companies in India, whose supply chain operations are getting impacted in the current lockdown period can avail the service

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Agriculture
Farmers in India are getting ready to harvest Rabi Crops like wheat, barley, mustard, sesame and peas, but many agritech companies who manage supply chains are facing complex challenges due to the lockdown. Wikimedia Commons

With the COVID-19 lockdown bringing new challenges to the agricultural sector in India, IBM is offering the agritech start-ups a 30-day free trial of its Operations Dashboard from The Weather Company (TWC) to help these firms with supply chain operations.

Farmers in India are getting ready to harvest Rabi Crops like wheat, barley, mustard, sesame and peas, but many agritech companies who manage supply chains are facing complex challenges due to the lockdown.

“The Dashboard can help supply chain managers make faster, more-informed decisions by combining our accurate weather forecasts with their unique business insights,” Sandip Patel, Managing Director, IBM India Pvt Ltd and General Manager IBM India/South Asia wrote in a LinkedIn post on Tuesday.

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All the agritech companies in India, whose supply chain operations are getting impacted in the current lockdown period can avail the service, Patel said. The Operations Dashboard is designed to send automatic alerts when weather conditions that could impact businesses are detected.

It can contextualie what upcoming weather might mean for businesses and provide recommended actions, besides improving operations by deliveringnear real-time and forecasted location-specific weather notifications.

IBM
With the COVID-19 lockdown bringing new challenges to the agricultural sector in India, IBM is offering the agritech start-ups a 30-day free trial of its Operations Dashboard from The Weather Company (TWC) to help these firms with supply chain operations. Wikimedia Commons

“Powered by the IBM Global High-Resolution Atmospheric Forecasting System (IBMGRAF) — the world’s highest-resolution global weather forecasting model — this highly customizable solution is designed to function like a ‘meteorologist-in-a-box’ which actively monitors weather forecasts for conditions that may affect your location, operations and customers,” Patel said.

With access to current weather and 15 day forecast with user-friendly visual effects, the tool can allow companies to take decisions ontransportation of their produce in the face of weather.

ALSO READ: Indians Spend More Time on OTT Media, Education and Fitness Apps During Coronavirus Lockdown

“This means produce will reach consumers faster, less food will be spoilt,and farmers’ efforts don’t go to waste,” Patel said. (IANS)