Reliance Industries Ltd (RIL) Chairman Mukesh Ambani stressed that as India races ahead to become the world’s third largest economy, an unprecedented opportunity awaits Reliance. Speaking on the occasion of Reliance Family Day, Ambani said, “Reliance can and Reliance will grow to be among the top 10 business conglomerates of the world.”
Underlining RIL’s roadmap going into 2024, Ambani said Reliance looks to be among global leaders in digital platforms and AI adoption. “We need to boldly embrace data and AI to become better at decision-making and resource utilisation,” said Ambani. “We need to be at (the) forefront of using data, with AI as an enabler for achieving a quantum jump in productivity and efficiency.”
“All our growth engines of Reliance — Digital Services, Green and Bio-Energy, Retail and Consumer Brands, O2C & Materials business, and Health and Life Sciences — will have to complete this transformation by the time we meet next year,” he added.
In order to make RIL an AI-immersive tech company, Ambani hinted at building the necessary talent, skillsets and competencies at all levels within the organisation. Underlining Reliance’s institutional culture he emphasised working with "founder’s mindset" or "ownership mindset." He added that the rapid change in domestic and global business environments leaves no room for complacency.
Addressing the young workforce and leaders at Reliance, “We must keep Reliance forever young, by ensuring that the average age of all our talented teams remains in the 30s.”
With RIL undergoing a generational transition, Ambani has hopes in the capabilities of his heir’s generation. “The future of Reliance belongs to Akash, Isha, Anant and their generation. I have no doubt that they will achieve more in life, and bring more achievements to Reliance, than people of my generation.”
First Published: Dec 28, 2023 6:05 PM IST
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