RIL CMD Mukesh Ambani: India has potential to be among top three economies of the world in coming decades

Ambani said, "Indian entrepreneurs have dual opportunities, first, to serve the domestic markets and then the global markets."

March 26, 2021 10:20 IST India Infoline News Service

Mukesh Ambani, CMD of Reliance Industries (RIL) said he sees a tsunami of opportunities for entrepreneurs as he looks at the India of today and tomorrow. Ambani who speaking at the virtual 22nd Entrepreneur of the Year – India (EOY) 2020 Awards ceremony, pointed out two reasons for his confidence in opportunities for entrepreneurs.

He said that firstly Prime Minister, Narendra Modi, has been advocating a greater role for the private sector in India’s future development.

Secondly, Ambani said, "we now have the revolutionary power of new technologies to transform our economy. A small, medium and big businesses have once in a lifetime opportunity to meet the needs and aspirations of 1.3 billion people for good quality of life."

Ambani believes India's potential is such that it can be included among the top three economies of the world.  He said, "We have the potential in the coming decades to be among the top three economies of the world."

On sector-wise, Ambani said, "New sectors like Clean Energy, Education, Healthcare, Lifesciences & Biotechnology and transformation of existing agricultural, industrial, and service sectors offer unprecedented opportunities."

Moreover,  Ambani added, "Indian entrepreneurs are now capable of providing world-beating quality to meet the needs of our market at the most competitive cost. This opens up the entire global market for Indian entrepreneurs."

Thereby, Ambani said, "Indian entrepreneurs have dual opportunities, first, to serve the domestic markets and then the global markets."

At around 10.17 am, RIL was trading at Rs1989.65 per piece flat compared to the previous closing.

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