India will soon be among the top 3 economies: Reliance Chairman Mukesh Ambani made two predictions

Reliance Industries Chairman Mukesh Ambani on Tuesday expressed confidence that India will become one of the top three economies in the world, with the conglomerate recognized as one of the most prestigious companies globally.

Ambani made the “predictions” in a virtual address on the occasion of Reliance Family Day, which is celebrated every year on December 28 to mark the birth anniversary of group founder Dhirubhai Ambani.

“As we enter the second half of Reliance’s golden decade, I can tell you that the future of our company looks brighter to me than ever before. I can confidently make two predictions. First, India will become one of the top three economies of the world.Second, Reliance Will become one of the strongest and most reputed Indian MNCs in the world.” Mukesh Ambani said.

Counting the growth engines of the group, Ambani said Reliance Industries has done “remarkable things” in the energy, retail and digital technology sectors despite the Covid-19 pandemic.

“We have completely revamped our energy business. Now, Reliance is poised to become the global leader in clean and green renewable energy and materials,” said Ambani.

Reliance had earlier this year announced plans to invest Rs 75,000 crore (Rs 10 billion) in renewable energy over the next three years, including setting up a gigafactory in Gujarat’s Jamnagar, from where the group’s old energy business is based. was launched.

Ambani told the Reliance family at Tuesday’s event, “This transformation of our oldest business will provide us with the biggest growth engine for Reliance and provide many of you with another opportunity to do something that will be a first in the world.” “

He said that Reliance has also revolutionized the organized retail sector in India. “In the last one year, we have added around 10 lakh small shopkeepers and created around 1 lakh new employment opportunities. This growth engine will continue to create significant social value by providing unlimited opportunities for our partners and employees.”

Talking about Reliance Jio, the country’s largest wireless carrier, Mukesh Ambani said it laid the foundation for making India the world’s first major digital society. “Jio has gained over 120 million subscribers and brought fiber to nearly 4 million homes and commercial establishments,” he announced.

Predicting a “bright future” for Reliance Industries, Mukesh Ambani also listed three imperatives for building a strong organization culture.

“The first imperative… we should never be satisfied with what we have achieved in the past. The second imperative… we must constantly revisit and communicate the general philosophy of “we care”, he said with empathy, Encouraging the highest standards of compassion and integrity in conduct.

Ambani counted the transition from an older leader to a younger generation as a third imperative.

“Reliance is now in the process of effecting a significant leadership change. From the seniors of my generation to the youth leaders of the next generation. At Reliance we must build an organizational culture that transcends its leaders,” he said, expressing confidence that his children Akash Ambani, Isha Ambani and Anant Ambani “will take Reliance to even greater heights”.

Disclosure: is part of Network18 Media & Investment Limited, which is owned by Reliance Industries Limited.

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