Trust will grow bigger and bigger like a banyan tree: Mukesh Ambani

Reliance Industries will grow more and more like the proverbial banyan tree, Chairman and CEO Mukesh Ambani said today.

He was speaking on the occasion of his 20 years at the helm of Reliance Industries. Mukesh Ambani took the reins of Reliance Industries Ltd (RIL) following the sudden death of his legendary industrialist father Dhirubhai Ambani on July 6, 2002.

“The years will pass and the decades will pass, Reliance will continue to grow bigger and bigger like the proverbial banyan tree. Its branches will spread further, its roots will go deeper and it will touch the lives of an increasing number of Indians, enriching them, empowering them, feeding them and caring for them,” Ambani said in a webcast.

“Our mission is to make India prosperous by building world-class companies on a global scale,” he added.

“We are living in a time when the world begins to see the 21st century as India’s century…the next 25 years are going to be the most transformative in India’s 5,000-year history…We can become a $40 trillion economy by 2047, Mukesh Ambani added.

“The end of 2022 is when Reliance will have crossed the middle of its golden decade. Five years from now, Reliance will complete its fifty years…the journey ahead will be much more exciting, more rewarding and also challenging,” added Ambani.

it’s jio
Praising his son Akash Ambani, he said, “Under Akash’s chairmanship, Jio is rolling out the world’s best 5G network in India at a rate that is faster than anywhere in the world. Jio’s 5G rollout will be complete by 2023… Jio Platforms should now be ready for India’s next big opportunity: providing unique digital products and solutions for domestic and international markets.As every village will have 5G connectivity, India has a historic opportunity to completely erase the rural-urban divide that has plagued our country for so long. We can now ensure that no Indian will be deprived of access to high-quality education, high-quality health care, and high-productivity economic activity.”

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in retail business
Mukesh Ambani said that with Isha Ambani, his daughter, the retail business has grown rapidly. “More importantly, Reliance Retail has created more than 2 lakh new jobs in the past year, making it one of the leading employers in India.”

“Through the retail business, Reliance ensures inclusive development. Our farmers will have higher incomes, our SMEs will be more productive, and our trading partners will be more prosperous.”

In the O2C business
“We continue to build on our leadership in the O2C business with new capabilities and capabilities,” he said, adding: “Our team continues to work harder to bring energy security to India.”

Other notable quotes:
“Reliance’s next big growth cycle will not be driven by resources, but by innovation.”

“We are making rapid progress in preparing our gigafactories in Jamnagar. From being the largest and most valuable company in India, Reliance is now on its way to becoming the greenest company in India. The goal of our new energy team is very clear: allow India to achieve energy security and self-sufficiency, by reducing dependence on imports.

“2023 will be the year of renewal and revitalization for the Reliance Foundation.”

“Under Nita’s leadership, the Reliance Foundation is working on even more ambitious and innovative initiatives in education, healthcare, sports, women’s empowerment and environmental conservation.”

“We are empowering Reliance with new leadership capital, especially young leadership. Second, we are empowering Reliance with new talent capital, again young talent. We will pay close attention to developing skills, abilities and competencies at all levels .”

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“The Argentine team won the FIFA World Cup while breathing victory, dreaming of victory and doing everything for victory until the last penalty shootout. Together, they were like Arjun, who saw nothing but the bird’s eye. This is also how our founder, Dhirubhai Ambani built Reliance.”