At a bonanza for Maharashtra, Reliance Industries Chairman Mukesh Ambani on Sunday announced plans to establish the ‘Fourth Industrial Revolution’ in the state with an investment of Rs 60,000 crore and collaboration of over 20 global conglomerates.
Mukesh Ambani, Chairman, Reliance Industries. Picture: News18
He said that the initiative will move forward the flagship Jio Movement using the ambitious new plan for a New India and New Maharashtra by setting up the country’s first-ever ‘Integrated Industrial Development Area’ in the nation during the next 10 decades.
“The corporation will create Maharashtra that the birthplace and cradle of the Fourth Industrial Revolution in India, and it will be a convergence of disruptive technologies in the physical, digital and biological spheres. It will transform the world and our society in unthinkable ways,” Ambani said in his address at the ‘Magnetic Maharashtra: Convergence 2018’ inaugurated by Prime Minister Narendra Modi.
Ambani said there is a global race to exploit Artificial Intelligence, Robotics, Blockchain, Web of Things, Next-Generation Virtual and Augmented Reality, Life Sciences, New Materials and New Sources of Energy and other innovative technologies.
“India can’t afford to lag behind in this race and really has an chance to be an international leader,” he explained.
The Fourth Industrial Revolution will help Maharashtra and India resolve the most difficult issues in socio-economic development in health-care and education, water security and ecological security, fostering agriculture production, in making all of our cities, cities and villages SMART, and generate millions of new job opportunities for the youth of the nation and in India.
Ambani described Mumbai since the ‘janmabhoomi’ (birthplace) of Reliance and his own ‘karmabhoomi’ (workplace) in which the start-up business was created by his father, the late visionary Dhirubhai Ambani with a seed funding of just Rs 1,000 and a single worker.
“Now, Reliance employs over 350,000 people… it’s the largest ‘wealth-creator for India’. Reliance always invests in India’s Big Dreams in construction businesses of their future with Indian talent and Indian youth,” he said.
He said Mumbai is also home to Jio, the newest tech-startup from the Reliance family, and when the Prime Minister unveiled his vision for a Digital India, in addition, it became Jio’s personal assignment.
“Before Jio’s launch, India was 155th from the world in cellular broadband intake. Today India isn’t any 1. More than 170 million Indians enjoy the highest quality services at the best prices in the world,” he said.
So far, the company has spent Rs 250,000 crore in India, of which the maximum share — Rs 22,000 crore — came to Maharashtra, and within a couple of decades, Jio will connect every village panchayat, each school, college and hospital in the state to deliver the benefits of digital revolution to the previous person in society, he explained.