20
Wednesday
June 2018
6:53 PM IST
News Headlines
Yo-Yo effect: BCCI for fitness tests before selection        Tick, Tock: Time running out for Messi to deliver        Google announces training programme for journalists        Sensex tanks 261 pts as US-China trade spat escalates        Merkel, Macron search for reforms to halt EU 'disintegration'        S Korea, US confirm suspending military drills        Naveen Patnaik too seeks spl category status for his state        Kumaraswamy refutes reports of Cong-JDS differences on budget        Kejriwal calls off nine day sit-in        J-K govt collapses after BJP pulls out of alliance with PDP        Two-goal Kane gives England 2-1 World Cup opening victory over Tunisia in Volgograd        India's Srija stuns fancied Belgian Anna at women chess meet        FCA India launches Jeep Compass variant at Rs 17.53 lakh        Iraq force accuses US of killing 22 of its fighters in Syria        Merkel gets ultimatum from hardline ally over migrants        ED files fresh charge sheet against Mallya, prepares for fugitive tag        Rahul writes to slain scribe's father, offers condolence        India, China, Pakistan trilateral cooperation can help maintain peace: Beijing's envoy        Open to discussions: Delhi officers after CM's assurance on security        Fresh FIR filed against Nirav Modi for possessing multiple Indian passports        
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Business News
Mukesh Ambani says data is the new oil, every Indian should have access
 
(Mumbai, Sep 27, 2017):In the next one year, 4G coverage in India will exceed that of 2G, Mukesh Ambani, chairman and managing director of Reliance Industries Ltd (RIL), predicted on Wednesday at the first edition of the India Mobile Congress in New Delhi.

Reliance Jio Infocomm, the telecom unit of RIL that Ambani has described as the world’s biggest start-up, began its commercial operations last year with 4G services that attracted 100 million subscribers in less than six months. To start with, Jio offered a combination of free Internet access and free voice calls.

"I believe that in the next 10 years, India will grow from a $2.5 trillion economy to a $7 trillion economy and rank among the top three economies in the world. And to make this happen, the Indian telecom and IT industry has to play a foundational role in creating the digital infrastructure," Ambani said in his speech.

Over the last one year, India has leapfrogged from the 155th position in mobile broadband penetration to being the world’s largest mobile data consuming nation.

Ambani added that mobile internet and cloud computing are the foundational technologies in the fourth industrial revolution, which India has the opportunity to lead. Industrial Revolution 4.0 is set to usher in more dramatic transformations globally than the three previous revolutions, he said.

“Data is the new oil. India does not need to import it. We have it in super-abundance. As an industry, we have the urgent task of empowering 1.3 billion Indians with the tools needed to flourish in the digital marketplace. We have to provide ubiquitous access to high-speed data at affordable prices,” Ambani said.

“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,” Ambani said.

RIL is rolling out its affordable smartphone —JioPhone— this week for a refundable deposit of Rs1,500 and plans to deliver the first lot of the device to the users before Diwali, 19 October.

Ambani said India needs to instil confidence in new technologies such as artificial intelligence, robotics, internet of things (IoT), cloud computing, big data analytics, 3-D printing, blockchain, nanotechnology that will be the enablers of a new wave of wealth and employment creation.

“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, democratizing economic life like never before. Digitisation of education, training and human resource development in a comprehensive manner must be regarded as a precondition for the success of Digital India,” added Ambani.

Since its launch, Jio has been locked in a bitter marketplace battle with older telecom players led by Bharti Airtel Ltd. The incumbents have accused it of using its deep pockets to disrupt the market and create a monopoly.

“Let’s not forget — India provides a big enough opportunity for all of us to grow – and prosper – together. The opportunity to pave the path for our nation’s progress and create a better quality of life for every Indian beckons us,” Ambani said.


Google announces training programme for journalists
Sensex tanks 261 pts as US-China trade spat escalates
FCA India launches Jeep Compass variant at Rs 17.53 lakh
RBI releases June '18 issue of monthly bulletin
Walmart expects to close Flipkart deal by the end of 2018
Passenger vehicle sales rise 20% in May
Cabinet approves bailout package for sugar industry
India to enter top 10 OTT video markets in 4 years: PwC
Kochhar on annual leave, not forced one: ICICI Bank
In AirAsia Case, CBI To Probe Role Of 2 Former Ministers
London police seize bitcoin worth $667,000 from hacker
PNB fraud: ED files charge sheet against Nirav Modi, associates
Natco Pharma PAT for Q ending March 31 up by nearly 70 pc
SBI Q4 loss at Rs 7,718 crore as NPA provisions jump
PNB fraud: ED attaches Nirav Modi’s properties worth Rs 171 cr
Sohan Roy features in Top 100 Indian Business Owners by Forbes Middle East
NITI welcomes $16 bn Walmart-Flipkart deal
Bajaj Finserv offers repayment flexibility on home loan
Walmart to acquire 77% stake in Flipkart
Most Indian millennials ready to switch jobs for a pay rise: Report
KERALA NEWS
Kerala among 13 states on thunderstorm alert
 (New Delhi, May 7, 2018): Thunderstorms accompanied by squall, hail and heavy rains are likel  
Kerala Karshaka Jadha Opens to a Great Beginning / Video
Malappuram press club attack: RSS workers nabbed
Workers injured in mudslide at construction site
INTERNATIONAL NEWS
Merkel, Macron search for reforms to halt EU 'disintegration'
 Meseberg (Germany), Jun 19 (AFP) German Chancellor Angela Merkel hosted French President Emmanuel Ma
S Korea, US confirm suspending military drills
Iraq force accuses US of killing 22 of its fighters in Syria
Merkel gets ultimatum from hardline ally over migrants
NATIONAL NEWS
Naveen Patnaik too seeks spl category status for his state
 Nitish Kumar and his Andhra Pradesh counterpart N Chandrababu Naidu, Naveen Patnaik too has once aga
Kumaraswamy refutes reports of Cong-JDS differences on budget
Kejriwal calls off nine day sit-in
ED files fresh charge sheet against Mallya, prepares for fugitive tag
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.