Reliance Industries Limited (RIL) held its 47th annual general meeting (AGM) on Thursday, bringing together stakeholders from all over the world to discuss the company’s progress and future plans. The AGM was led by RIL Chairman and Managing Director Mukesh Ambani, who delivered an inspiring speech highlighting the company’s achievements and its vision for the future.
Ambani began his address by expressing his gratitude towards the shareholders for their unwavering support and trust in the company. He acknowledged their role in making RIL one of the leading conglomerates in the world and promised to continue delivering value to them.
The highlight of Ambani’s speech was the company’s advancements in the fields of 5G connectivity and artificial intelligence (AI). He emphasized RIL’s commitment to making India a global leader in the digital space and announced that the company is ready to roll out its 5G services as soon as the government allocates the spectrum. This move is expected to revolutionize the way India connects and pave the way for a truly digital nation.
Ambani also spoke about RIL’s partnership with Microsoft to set up a cloud data center in India, which will not only boost the country’s digital economy but also provide a secure and reliable platform for data storage and management. He highlighted the potential of AI and how RIL is leveraging it to enhance its operations and services. The company has also set up an AI research institute in Bengaluru to drive innovation and create new opportunities in this field.
The growth of RIL’s telecommunications subsidiary, Reliance Jio, was another major highlight of the AGM. Ambani proudly announced that Jio has become the largest and fastest-growing telecom company in India, with over 400 million subscribers. He also revealed that Jio has developed its own 5G technology, which will be ready for deployment as soon as the government approves it. This will not only reduce India’s dependence on foreign technology but also make it a global leader in 5G technology.
The company’s retail arm, Reliance Retail, also received a special mention in Ambani’s speech. He highlighted its phenomenal growth and its contribution to India’s retail sector. With over 12,000 stores across the country, Reliance Retail has become the largest retailer in India and is on its way to becoming one of the top 10 retailers in the world. Ambani also announced the launch of JioMart, an e-commerce platform that will revolutionize the way Indians shop.
Ambani’s speech was not just limited to the company’s achievements, but he also laid out his vision for the future. He spoke about RIL’s commitment to sustainability and its efforts towards reducing carbon emissions and achieving a net-zero carbon footprint by 2035. He also emphasized the need for India to become self-reliant and announced RIL’s plans to invest in various sectors, including renewable energy, clean fuels, and new materials.
The AGM also saw the announcement of the company’s new initiative, ‘New Energy and New Materials’, which will focus on developing and deploying new and innovative technologies to create a sustainable future. RIL has already invested over Rs. 60,000 crores in this initiative and will continue to invest in research and development to drive this vision forward.
In conclusion, RIL’s 47th AGM was a testament to the company’s commitment to creating a better future for India and the world. With its focus on digitalization, sustainability, and self-reliance, RIL is paving the way for India to become a global leader in various sectors. Ambani’s speech not only highlighted the company’s achievements but also inspired and motivated the stakeholders to continue supporting RIL’s journey towards progress and success. With its unwavering dedication and innovative approach, RIL is set to achieve greater heights in the years to come.
