Reliance will grow bigger and bigger like a banyan tree: Mukesh Ambani
Reliance Industries will grow bigger and bigger like the proverbial banyan tree, Chairman and Managing Director Mukesh Ambani said today.
He was speaking on the occasion of his 20 years at the helm of Reliance Industries. Mukesh Ambani took over the reins of Reliance Industries Ltd (RIL) after the sudden demise of his legendary industrialist father Dhirubhai Ambani on July 6, 2002.
"Years will roll by and decades will pass, Reliance will continue to grow bigger and bigger like the proverbial banyan tree. Its branches will spread wider, its roots will go deeper, and it will touch the lives of the ever increasing number of Indians, enriching them, empowering them, nourishing them, and caring for them," Ambani said in a webcast.
"Our mission is to make India prosperous by building world-class and world-scale businesses," he added.
"We are living through a time when the world is beginning to see the 21st century as India’s century…the next 25 years are going to be the most transformative in the 5000 year history of India…We can become a $40 trillion economy by 2047," Mukesh Ambani added.
"The end of 2022 is when Reliance will have crossed the half-way mark of its golden decade. In five years from now, Reliance will complete its fifty years…the journey ahead is going to be far more exciting, more rewarding, and also challenging," Ambani added.
On Jio
Lauding son Akash Ambani, he said: "Under Akash’s chairmanship, Jio is rolling out world’s best 5G network across India at a pace which is faster than anywhere in the world. Jio’s 5G deployment will be complete by 2023… Jio Platforms should now get ready for India’s next big opportunity – to provide unique digital products and solutions to both domestic and international markets. Since every village will have 5G connectivity, India has a historic opportunity to completely erase the rural-urban divide which has plagued our country for so long. We can now ensure that no Indian will be deprived of access to high-quality education, high-quality healthcare and high productivity economic activity."
On Retail Biz
Mukesh Ambani said under Isha Ambani, his daughter, the retail business has grown rapidly. "Most importantly, Reliance Retail has created over 2 lakh new jobs last year becoming one of India’s leading employers."
"Through the retail business, Reliance is ensuring inclusive development. Our farmers will have higher income, our SMEs will become more productive and our trader partners will become more prosperous,"
On O2C biz
"We continue to build on our leadership in the O2C business with new capacity and capabilities, '' he said adding: "Our team continues to work harder to provide energy security to India."
Other top quotes:
"The next major growth cycle in Reliance will not be resource driven, but innovation driven."
"We are making rapid progress in making our gigafactories in Jamnagar ready. From being India’s largest and most valuable corporate, Reliance is now well on its way to become India’s greenest corporate. The goal for our new energy team is crystal clear – enable India to achieve security and self-sufficiency in energy, by reducing dependence on imports."
"2023 will be the year of renewable and and revitalization of Reliance Foundation."
"Under Nita’s leadership, Reliance Foundation is working on even more ambitious and innovative initiatives in education, healthcare, sports, women's empowerment, and environmental conservation."
"We are empowering Reliance with new leadership capital, especially with young leadership. Second, we are enriching Reliance with new talent capital, again with young talent. We will pay a lot of attention to developing capacity, capability, and competence at all levels."
"The Argentine team won the FIFA world cup as they were breathing victory, dreaming victory, and doing everything for victory till the last penalty shootout. Together, they were like Arjun, who saw nothing but the eye of the bird. This is also how our founder, Dhirubhai Ambani built Reliance."
