Reliance has announced investments worth more than $ 25 billion from foreign investors in recent months
Billionaire Mukesh Ambani, president of Reliance Industries Ltd., said that India must redefine its manufacturing sector to fuel growth.
“There is a need to rethink and redefine manufacturing in India. We need to strengthen our small and medium-sized businesses,” Ambani said at an online book launch Monday night, in response to a question about what manufacturing can do. India is more competitive. . “You should focus on both the bricks and the clicks.”
The comments from Asia’s richest man come as Prime Minister Narendra Modi’s government is trying to revive an economy poised for a historic annual contraction, following a shutdown that decimated industries and destroyed millions of jobs.
Reliance, which stems from the energy operations Ambani inherited from his father into retail and digital services, has announced investments worth more than $ 25 billion from foreign investors in recent months. Ambani is increasingly looking to partner with smaller businesses, startups, and family stores to serve as last-mile support for Reliance’s eCommerce plans.
When asked about the legacy he would like to leave behind, Ambani described three areas: making India a digital society in ways never before imagined, boosting India’s education system, and transforming the energy sector to reduce dependence on fuels. fossils.
“If I can play my small role in achieving this, if I can create institutions to perpetuate and maintain these goals, then I would have done my bit,” Ambani said.
(Except for the headline, this story has not been edited by NDTV staff and is posted from a syndicated feed.)
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