21 July, Mumbai
Reliance Industries Ltd (RIL), in the next 10 years, will aspire to become one of the top 50 companies in the world, its Chairman and Managing Director, Mukesh Ambani, said Friday.
Addressing RIL’s 40th AGM, here today, Ambani said ”India at 80 should aspire to become, and can certainly become, one of the three largest economies in the world. RIL at 50 will aspire to become, and will certainly become, one among the top 50 companies in the world,” Ambani said.
”My vision rests on the synergy between financial value creation and societal value creation, both aimed at ensuring and enhancing the prosperity and well-being of 1.3 billion Indians. On both counts, RIL’s strategy will closely align with the Indian dream of inclusive, all-round and accelerated development,” he added.
Over the next decade, India has the potential to move from a USD2.25 trillion (Rs 150 lakh crore) economy to a USD 6 trillion (Rs 390 lakh crore) economy.”This will have a multiplier effect on each of our existing and new businesses.””I am confident that RIL’s own growth over the next 10 years, and our contribution to the Indian economy will surpass what it has achieved in the past 40 years. Similarly, RIL’s overall societal value creation over the next 10 years will also be multiple times higher than in the past 40 years,” he said.
Explaining his vision, Ambani said that RIL has now become a future-ready business conglomerate in terms of globally competitive combination of people, processes and systems, business acumen, innovation and technology.Reliance is ready to participate in the Fourth Industrial Revolution, which will bring about the most disruptive changes in the Indian and global economy in the coming decades.