Mukesh Ambani, the chairman of Reliance Industries and Asia’s richest man, has expressed confidence in the company’s readiness for the next phase of growth. With a real-time net worth of USD 113.4 billion, Ambani emphasized that Reliance has consolidated its balance sheet after recent investments and is poised for expansion.
Ambani outlined key initiatives driving this growth, including the rollout of the True5G telecom network across India, a commitment to achieving net zero carbon emissions by 2035, and continued expansion in the retail sector. He highlighted Reliance’s role in India’s digital transformation, noting that the launch of Jio 4G mobile services in 2016 significantly increased data access for Indian citizens.
The company’s retail arm, Reliance Retail, is positioned to serve the needs of India’s fast-growing economy. Ambani emphasized that the company’s new commerce initiatives support both consumers and small businesses, providing grocery and electronic deliveries while also assisting local merchants and kirana shop owners.
Ambani expressed optimism about India’s economic prospects, stating that amidst global uncertainty, India shines as a beacon of stability and prosperity. Reliance, with its presence in sectors ranging from oil and chemicals to telecom, retail, and finance, is well-positioned to contribute to this growth.
