Ambani, while speaking at the 10th convocation ceremony of Pandit Deendayal Energy University, called these revolutions a way to transform India significantly.
He also stated that with unprecedented explosion in economic growth and opportunities, India will grow to become a 40 trillion-dollar economy by 2047, ranking among the top three economies of the world.
“While the clean energy revolution and the bio-energy revolution will produce energy sustainably, the digital revolution will enable us to consume energy efficiently. All three revolutions will together help India and the world save our beautiful planet from the climate crisis,” he said.
Focus on energy revolution
Ambani has been pushing forward the idea of investing in clean energy for a long time now. Recently, during RIL‘s AGM, the industrialist said Reliance’s green energy business will outshine all its existing growth engines in just 5-7 years.
He had also unveiled plans to set up Dhirubhai Ambani Green Energy Giga Complex on 5,000 acres in Jamnagar, Gujarat, to create and offer a fully integrated, end-to-end renewables energy eco-system with plans to invest $10 billion over three years.
“Just as India has the world’s most affordable wireless broadband today, we will have the world’s most affordable green energy within this decade. And these solutions will then be exported to other countries, helping them contain carbon emissions,” Ambani had said.
RIL has already entered into a series of partnerships, including equity investments, with local and international corporates with unique technological and execution capabilities, with a strong track record of innovation and a growing number of patents and IPRs across the green energy value chain.
In the green energy segment, Mukesh Ambani has been facing a tough competition from rival Indian billionaire Gautam Adani. The Adani Group chairman has been planning to build three giant factories in India leading to the world’s most integrated green energy value chains.
Push for digital revolution
The chairman in his speech called digitisation a key constituent and force multiplier for making India a clean energy leader.
“Technologies such as AI, Robotics and IoT are powerful enablers of change. Use them to your advantage,’ he said.
With launch of 5G in the country, Ambani has left no stone unturned to facilitate his customers with the services and contribute towards the digital revolution in India.
RIL’s telecom arm Jio has already launched 5G services in the metro cities and are moving ahead with a gradual expansion month-on-month. The company is expected to invest nearly Rs 2 lakh crore to build Jio 5G.
Ambani said that his company’s intent is to launch 5G services in the nation and make it the largest data-powered economy in the world, even ahead of China and the USA.
At the 5G auction, Reliance Jio had bought 24,740 megahertz of airwaves for Rs 880.78 billion while smaller rivals Bharti Airtel and Vodafone Idea spent Rs 430.8 billion and Rs 188 billion respectively.
RIL’s telecom arm Jio is the leader in the active users market with a 37.7% share in July, as per the Telecom Regulatory Authority of India (Trai) data. Ambani had called the segment a key growth driver of his business during company’s 44th annual general meeting.