Mukesh Ambani: It’s time for a global digital products and services company to emerge from India | Business News in India
Addressing the 43rd AGM of Reliance Industries, Ambani said that over the years Reliance has gained in-depth domain knowledge in most of the key verticals of the Indian economy, and Jio Platforms can combine this knowledge from domain with its technological strengths to create several innovative ecosystem solutions. and managed services for India.
“Each of these solutions, when proven in India, has the potential to be a comprehensive solution… that can be used to serve the rest of the world. an important source of income in national and global markets, ”Ambani said at the Annual General Meeting (AGM).
Ambani further said he believed that “the time has come for a truly global digital products and services company to emerge from India and be ranked among the best in the world.”
On Wednesday, the company announced that Google would acquire 7.7% stake in technology company Reliance Industries for Rs 33,737 crore. The U.S. tech giant joins a long list of reputable investors – including Facebook, Qualcomm, Intel Corp, General Atlantic, KKR, TPG and others – who have invested in Jio Platforms in recent weeks.
Google’s investment values Jio Platforms at a net worth of Rs 4.36 lakh crore. With this, the total investment of financial and strategic investors in Jio platforms amounts to Rs 1.52056 crore.