Mukesh Ambani’s RIL to invest 2.5 Lakh Crores in the Digital Space

The Chairman of Reliance Industries, Mukesh Ambani, announced that his company will be investing more than Rs. 250,000 crores in the digital space. This includes investment on its upcoming wireless broadband infrastructure and manufacturing of mobile phones.

“We at Reliance will invest over Rs. 250,000 crores across the Digital India pillars,” he said at the launch of ‘Digital India Week’being held at New Delhi.

Establishments by Reliance Industries

Mukesh Ambani-led Reliance Jio Infocomm worth $16 billion will be rolling out its telecom and broadband services by the end of this year. This will generate an employment for more than 5 lakh people. The infrastructure for all-IP next-generation, wireless broadband is being set up in all the 29 states of the country, which will be amongst the best in the world, according to Ambani.

The company is also establishing a distribution network that will consist of 1.5 lakhs small electronic retailers who will sell and service smartphones and internet devices across the country. Besides, Reliance Jio is in talks with prominent device manufacturers for making of smartphones and internet devices at a price affordable to the masses. These phones and devices will be sold in Reliance Industries’ retail stores.

Reliance Industries will also be joining hands with the central and state governments for development in the sectors of e-governance, digital healthcare, rural digital services, digital education, and making of smart cities. It will start a Jio Digital India Startup Fund that will encourage entrepreneurs in varied cities and towns. This Fund will be created with an aim of offering a platform for the youth of the country that are willing to start their digital businesses.

Views expressed by Ambani

Ambani praised the Prime Minister, Narendra Modi’s Digital India initiative. He expressed that the initiative with the use of digital technology will transform the lives of 1.2 billion Indian citizens.The world is advancing in the information age and thus digital industry will change the lives by transforming the way we learn, play and work, he said.Ambani further expressed that industry usually moves ahead of the government. But, with this initiative, the government is moving ahead of the industry.

He congratulated Union Minister, Ravi Shankar Prasad and praised the Prime Minister. He said that Modi’s leadership will unite all the sections of society and boost the strength of all Indians. He said that the unity will set an example for the entire world. He said that this partnership will create ‘Digital Society’ for ‘new India’ which we all proudly call ‘Our India.’

Ambani expressed that he is hopeful that the Digital India initiative will be highly successful as theyouth embraces technology. They have overpowered both industry and government. They desire opportunity on the basis of merit and are hungry for development. Digital India will act as a roadmap for accomplishing their aspirations.

Summary

At the launch of Digital India Week, Mukesh Ambani’s RIL will be investing more than Rs. 250,000 crores in the digital sector.

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