Ambani, during his address at the 10th Convocation Ceremony of Pandit Deendayal University of Energy, called these revolutions a means to transform India in significant ways.
He also said that with an unprecedented burst of economic growth and opportunity, India would become a $40 trillion economy by 2047, ranking among the top three economies in the world.
“While the clean energy revolution and the bioenergy revolution will produce energy in a sustainable way, the digital revolution will allow us to consume energy efficiently. The three revolutions together will help India and the world save our beautiful planet from the climate crisis,” he said. .
Focus on the energy revolution
Ambani has long championed the idea of investing in clean energy. Recently at RIL’s Annual General Meeting, the industrialist said that Reliance’s green energy business will eclipse all of its existing growth engines in just 5-7 years.
It had also unveiled plans to establish the Dhirubhai Ambani Green Energy Giga Complex on 5,000 acres in Jamnagar, Gujarat to create and deliver a fully integrated end-to-end renewable energy ecosystem with plans for investment of $10 billion over three years.
“Just as India has the most affordable wireless broadband in the world today, we will have the most affordable green energy in the world in this decade. And these solutions will then be exported to other countries, helping them to contain carbon emissions,” Ambani said.
RIL has already entered into a series of partnerships, including equity investments, with local and international companies with unique technological and execution capabilities, with a solid track record in innovation and a growing number of patents and IPRs. across the green energy value chain.
In the green energy segment, Mukesh Ambani faces stiff competition from rival Indian billionaire Gautam Adani. Adani Group Chairman has planned to build three giant factories in India leading to the most integrated green energy value chains in the world.
Pushing for the digital revolution
In his speech, the President called digitalization a key constituent and force multiplier to make India a leader in clean energy.
“Technologies such as AI, robotics and IoT are powerful catalysts for change. Use them to your advantage,” he said.
With the launch of 5G in the country, Ambani has spared no effort to facilitate its customers with the services and contribute to the digital revolution in India.
RIL’s telecom arm, Jio, has already launched 5G services in metropolitan cities and is moving forward with a gradual month-to-month expansion. The company is expected to invest nearly Rs 2 lakh crore to build Jio 5G.
Ambani said his company’s intention is to launch 5G services in the country and make it the largest data-powered economy in the world, even ahead of China and the United States.
In the 5G auction, Reliance Jio had bought 24,740 megahertz of waves for 880.78 billion rupees while smaller rivals Bharti Airtel and Vodafone Idea spent 430.8 billion rupees and 188 billion rupees respectively.
RIL’s telecom arm, Jio, is the market leader in active users with a 37.7% share in July, according to data from the Telecom Regulatory Authority of India (Trai). Ambani had called the segment a key growth engine for his business at the company’s 44th annual general meeting.
