Reliance Industries chairman Mukesh Ambani today, in an interview, shared his view on a number of topics from the biggest challenges facing India and how to solve them, where the price of oil, his father the legendary Dirubhai Ambani, his personal beliefs to where he sees the giant conglomerate heading and whether he is moving away from oil & gas exploration.
Reliance Industries chairman Mukesh Ambani today, in an interview, shared his view on a number of topics from the biggest challenges facing India and how to solve them, where the price of oil, his father the legendary Dirubhai Ambani, his personal beliefs to where he sees the giant conglomerate heading and whether he is moving away from oil & gas exploration. Here are the highlights of the interaction:
* The work done by @NandanNilekani wrt #Aadhaar will go down in history
* India is fortunate to have Narendra bhai is Prime Minister
* I’m clear that for me it’s always the country is first
* I’m not made for politics
* My daughter Ishita came & said the “internet in our house sucks”, that gave one piece of idea for Jio
* At heart, I was born middle class & we’ve stayed with our Gujarati, middle class values
* The next 10 years are golden years for the youth in India in terms of opportunities
* The next generation is very different from when I was 30, this generation thinks about others
Mukesh Ambani was speaking to editor, columnist and founder of ThePrint, Shekhar Gupta.
* The biggest challenge we have is to create a million jobs a month on a productive basis
* Jio is born as a bigger technology company than Verizon; what I have seen in first 6 weeks wrt #Jio, it has surpassed my expectations
* Jio is 60,000 people, our average age is 30; We will prove all financial analysts wrong on Jio. Jio is conceived to make sure all Indians have access to high quality, low cost mobile internet
* We’re the youngest country in the world; the philosophy of Reliance is what young people can do
* Next year I finish 40 yrs in Reliance
* My view is that in the short term, oil will be between 50-65; but transition from fossil fuel will happen much faster
* There was only one Dhirubhai, I don’t think anyone can emulate him. I know my limitations very well
* Any business in our portfolio is not less or more important
* At the end of the day, we have a large quantities of gas & we will invest more
* I don’t think we’re moving away from energy businesses, we’re just positioning ourselves to capture all opportunities. Real opportunity in India is the consumer opportunity
* I speak less & what I speak, I do; I generally think I should speak by my actions & not words
* We also see if our business is creating customer value, employee value & shareholder value
* I strongly believe society gives us a license to operate; our principles of doing business are determined by whether at this scale, we create societal value
* India is now not behind the world; technology gives us power to compete with rest of the world
* Am absolutely surprised at how Indians have adapted to this new technology/mobile internet.
* In 2008-09, we were just entering the 4th Industrial Revolution; today mobile internet is defining technology of this century; we are not in the phase of digital revolution.