Investing in Jio was the biggest risk of my life: Mukesh Ambani

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  • One of the best technology in the world is Jio’s in House 5G Technology
  • Reliance is going to become a deep tech and advance manufacturing company

Mukesh ambani: Mukesh Ambani, chairman and managing director of Reliance Industries, has said that investing extensively in Jio of Telecom Sector was the biggest risk of his career. At that time many analysts suspected its success. He said that India is not ready for such advanced digital technology. He said that even if the investment in Jio is not able to give the expected benefits for some reason, it would have been considered a big step towards making India digital.
Ambani revealed this in an interview to McKinzi & Co.. He said that the decision to invest in Reliance Jio was not easy. At that time we were investing our own money and I myself was a majority shareholder. We took a big risk because the scale matters a lot to us and the goals were also high.

Also Read: Jio is at the forefront of Madhya Pradesh and Chhattisgarh, Jio dominates in broadband service

Talking about 5G technology, Mukesh Ambani said that the entire structure of Jio’s 5G technology has been fully developed. We have created core, hardware, software-har component ourselves. We only included Ericsson and Nokia in 20% part, so that we could tighten our system to the test of global standards. I told my team, you have to be better than them and they did it, today we are really better than them.
Referring to the future plans, Mukesh Ambani said that I always used to say that we have to be the only user of technology, we have to become an innovator. Reliance is moving towards becoming a deep-tech and advanced manufacturing company today. We have started it with telecommunications.

Also Read: Jio joins Spacex for satellite -based internet services

Recalling his father Dhirubhai Ambani, he said, “My father used to say- Reliance is a process, an institution that should walk even after us.” I want Reliance to live even after us. In 2027, Reliance will celebrate its Golden Jubilee, my dream that Reliance continues to serve India and humanity for 100 years.
Edited by: Chetan Gour

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