“I can say with utmost confidence that 5G will enable India to not only participate in the Fourth Industrial Revolution but also to lead it,” he mentioned.
As the digitalisation of the Indian economy and Indian society picks up speed, the demand for digital hardware will develop enormously.
“We cannot rely on large-scale imports in this area of critical national need,” Ambani, Chairman and Managing Director of Reliance Industries Ltd, mentioned.
Stating that quite a few top worldwide providers are coming to India to set up manufacturing facilities, he mentioned the nation has created globe-class strengths in chip style.
“I clearly foresee India becoming a major hub for the state-of-the-art semiconductor industry,” he mentioned. “When all the stakeholders work together, we can surely ensure that India’s success in hardware will match our success in software.”
Jio Platforms, with its loved ones of more than 20 start out-up partners, has constructed globe-class capabilities in artificial intelligence, cloud computing, huge information, machine mastering, the world-wide-web of factors and blockchain.
“We are creating compelling home-grown solutions in education, healthcare, agriculture, infrastructure, financial services and new commerce,” he mentioned. “Each of these solutions, once proven in India, will be offered to the rest of the world to address global challenges.”
Ambani mentioned India has the historic chance to develop into the world’s pre-eminent digital society with ease of living for all.
“My conviction comes from the enormous transformative power of the digital technologies,” he mentioned.
India, he mentioned, has two exclusive strengths – the confluence of 3 D’s – vibrant democracy, young demography and digital transformation, and the visionary and dynamic leadership of Prime Minister Narendra Modi.
While the outbreak of COVID-19 posed life-threatening challenges, higher-speed 4G connectivity infrastructure has proved to be India’s Digital Lifeline, he mentioned.
Throughout 2020, India worked on the web, studied on the web, shopped on the web, received healthcare on the web, socialised on the web, played on the web. “Simply put, India thrived online.”
With the coronavirus induced recession behind, Ambani mentioned the Indian economy will not only bounce back but will also develop with unprecedented acceleration.
“India can ? and India will ? prove cynics wrong by becoming a USD 5 trillion economy,” he mentioned. “It will be a more equal India, with increased incomes, increased employment, and improved quality of life for 1 billion Indians at the middle and bottom of the economic pyramid.”
(With PTI inputs)