INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Reliance Industries Ltd (RIL) has cumulatively invested $150 billion in the last 10 years, the biggest by any Indian corporation,
the firm's chairman and managing director Mukesh Ambani said on Monday.With Jio 5G's Mega Plans, Mukesh Ambani aims at transforming India to
a Premier Digital SocietyHave achieved impossible goals: AmbaniSpeaking at the company's 46th annual general meeting, Ambani said Reliance
has been the forerunner of emerging new India
"New India is full of self-confidence
This India is unstoppable and tireless ..
We have set seemingly impossible goals and achieved them," he said."When we look at the geopolitical and economic situation, there are dark
clouds of uncertainty hovering around us
However, there is also one sharp unmistakable ray of certainty
The certainty that India will rise as a leading nation in our increasingly multi-polar world," said the billionaire businessman, who is no
13 on the Forbes richest list.The 66-year-old tycoon added that he will continue as chairperson-managing director of RIL till 2028.Here are
the key announcements made by Ambani:Ambani outlines mega AI pushJio Platforms is keen to lead efforts in developing India-specific
Artificial Intelligence models and AI-powered solutions across domains, delivering the benefit of this new-age technology to Indian
citizens, businesses and government, Ambani said on Monday promising "AI to everyone, everywhere".Terming AI as the most exciting frontier
of growth for Jio, Ambani outlined ambitious plans on this front.Ambani pledged the company's commitment to create up to 2,000 MW of
AI-ready computing capacity, across both cloud and edge locations, while adopting sustainable practices and greener future.A global AI
revolution is reshaping the world and intelligent applications will redefine and revolutionise industries, economies, and even daily life,
sooner than expected, the RIL top honcho said.To stay globally competitive, India must harness AI for innovation, growth, and national
prosperity, he asserted."Here is my promise to our countrymen
Seven years ago, Jio promised broadband connectivity to everyone, everywhere
Today Jio promises AI to everyone, everywhere
And we shall deliver," he vowed
Ambani scions made board directorsReliance Industries Ltd said it has appointed Isha Ambani, Akash Ambani and Anant Ambani as directors to
the board of the oil-to-telecoms conglomerate
They have been appointed as non-executive directors of the company
Isha Ambani, Akash Ambani and Anant Ambani have been closely involved with and are leading and managing key businesses of RIL over the last
few years including retail, digital services and energy and materials businesses, a Reliance Industries release said.Nita Ambani, Mukesh
has made considerable progress in its mission of nurturing and empowering marginalised and under-resourced communities in India
exports for the year jumped 33.4% to 3.4 lakh crores
We accounted for over 9.3% of India's merchandise exports up from 8.4%," said Ambani."In the coming years, I can see Jio leveraging our
Per-user data consumption on Jio has surged with the average user consuming over 25 GB every month
This translates to 1,100 crore GB per month across Jio network, a growth of 45%," said the Reliance Industries chairman.JioAirFiber launch
dateAmbani also announced that JioAirFiber will be launched on Ganesh Chaturthi (September 19)
Reliance Jio's 5G services marks the fastest-ever rollout of this scale anywhere in the world, and the company is "on track" to cover the
entire country with the ultra high-speed network by December this year, said Ambani."Jio's overall customer base has now crossed the
milestone of 450 million subscribers, reflecting a year-on-year revenue growth of over 20% ..
Its 5G network covers 96% of towns and the company is on track to cover the entire country by December," he added.Ambani said Jio was
launched seven years ago with a mission to transform India into a Premier Digital Society
"We have invested our heart and soul into building a digital public infrastructure which the entire world has begun to admire ..
Jio has been the main catalyst of New India's spectacular digital transformation," he said.With over 50 million 5G customers, Jio is already
leading in 5G adoption in India, Ambani said
"And we are the only company with the capacity to smoothly transition our entire 4G customer base to 5G, with minimal additional capital
With the growing adoption of Jio 5G, we are also seeing an increasing trend of high-ARPU, post-paid customers choosing Jio as their
preferred network," Ambani said.Jio Financial Services to offer insuranceAmbani also announced that Jio Financial Services will enter the
insurance segment and offer life, general and health insurance products, "potentially by partnering with global players".Will take Campa
Cola global: Isha AmbaniAmbani's daughter Isha Ambani, while speaking at the 46th Annual General Meeting in Mumbai, said the company had
announced the launch of its FMCG business in last year's AGM with a "vision to provide Indian consumers with world-class products at
"This business made a strong start by entering several categories through multiple brands and strategic partnerships
A key pillar of our FMCG business is to make Indian brands contemporary for today's Indian consumers, keeping the age-old brand promise
"We have acquired and partnered with several such brands like Campa Cola, and Lotus
We have launched Campa Cola with the promise of great Indian taste and consumers have embraced it wholeheartedly
We're scaling it up further in India and have also started work to take it global starting with Asia and then Africa," she added.(With
inputs from agencies)WatchMukesh Ambani: 'Reliance Industries has cumulatively invested $150 billion in last 10 years'
