#IMC2017 – Reliance Jio’s Mukesh Ambani speech

ril-chairman-mukesh-ambani-at-jio-meetReliance Jio chairman Mukesh Ambani has delivered the speech at the inaugural session of the India Mobile Congress (IMC) 2017 in Delhi.

Airtel Chairman Sunil Mittal and Idea Cellular Chairman Kumar Mangalam Birla were present at the inaugural session of IMC 2017.

IT minister Ravi Shankar Prasad and telecom minister Manoj Sinha were also present at the largest telecom event in India.

India has leapfrogged from a lowly 155th in Mobile Broadband penetration to being the world’s largest mobile data consuming nation in just one year. The pace at which the Indian mobile industry has grown is unparalleled in the world.

In the next 10 years, India will grow from a $2.5 trillion economy to a $7 trillion economy and rank among the top-3 economies in the world.

Indian telecom and IT industry has to play a foundational role in creating the digital infrastructure.

As a nation, we missed out on the first three global Industrial revolutions – namely mechanization, mass production and automation. The Fourth Industrial Revolution, fuelled by connectivity, data and Artificial Intelligence has begun.

India now has the opportunity to lead the Fourth Industrial Revolution, which is set to usher in more dramatic transformations globally than the three previous revolutions. Mobile Internet and cloud computing are the foundational technologies in the Fourth Industrial Revolution.

We have the task of empowering 1.3 billion Indians with the tools needed to flourish in the digital marketplace. Data is the oxygen of a digital economy.

We have to ensure that every Indian has access to an affordable smartphone that connects him to limitless knowledge and the power of the Internet.

The Indian mobile market is now overflowing with data. All of us have worked to create a robust digital circulatory system to carry data to each one of the 1.3 billion Indians, including those living in the remotest village.

4G coverage in India will become larger than the 2G coverage within the next 12 months. There is an urgent need to apply the revolutionary powers of digital technologies to India’s pressing needs and challenges.

I want to submit 3 must-do tasks for the consideration of both the government and the industry.

One: We must explore and implement innovative ideas to generate employment, self-employment and income-generation opportunities for millions of Indian youth. We must foster confidence in the society that new technologies, such as Artificial Intelligence, Robotics, Internet of Things (IoT), Cloud computing, Big Data analytics, 3-D printing, Blockchain, Nanotechnology, etc. are enablers of a new wave of wealth and employment for all.

Two: Digital technologies can be a boon for achieving our national priorities of energy security, water security, and resource security. New sources of energy and new modes of transportation with unparalleled efficiencies have become possible thanks to convergence of several technologies. India must embark on the task of connecting everything and everyone via the Super-Internet of Things. This will enable 130 crore Indians to collaborate directly with one another.

Three: Our nation’s human capital is our greatest asset. Therefore, digitalisation of education, training and human resource development in a comprehensive manner must be regarded as a precondition for the success of Digital India.

To accomplish all these tasks, the telecom and IT industry will have to partner with every sector of the economy and government, every business and every institution, from the biggest to the smallest.

We have to invest in building next-generation technology assets. We have to root out inefficiencies across the digital ecosystem. And we must break silos and forge partnerships.

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