RIL AGM 2023: Mukesh Ambani Says Reliance Is Forerunner For New India, Invests Over $150 Bn In Last 10 Years

Reliance Industries, chief and managing director (MD), Mukesh Ambani has kick started the 46th annual general meeting (AGM) on Monday. He began the AGM by mentioning the historic success of Chandrayaan 3 demonstrated by ISRO. Ambani said, India will rise as a leading nation in increasingly multi-polar world. He further added that newReliance has been a forerunner of the New India. This is evident from the fact that Reliance has invested $150+ billion in last 10 years.

While addressing the shareholders, Ambani said, "India will rise as a leading nation in increasingly multi-polar world. India's transformation as a prosperous, strong and confident nation is a beacon of hope for world. This is reflected in India's G20 theme 'One Earth, One Family, One Future."

He added that from "the mantra 'Vasudhaiva Kutumbakam' we have derived and developed our We Care philosophy. We care for planet. We care for humanity. We care for our beloved motherland, India. And, we care for all our partners, employees and shareholders."

Talking about the new Reliance, Ambani said, "New Reliance has been a forerunner of the New India. This is evident from the fact that Reliance has invested $150+ billion in last 10 yrs - higher than any other corporate in India, and comparable to the leading businesses across the world."

"Our ceaseless spirit of innovation is seen in we offering products and services of highest quality at prices among lowest in world. RIL's businesses and philanthropic initiatives have enhanced quality of life of mns of Indians," he added.

According to Ambani, RIL has hown impeccable execution capabilities by consistently delivering on its plans. He added, "Reliance has executed its projects - however big, complex and difficult - well before time, and at costs lower than global benchmarks."

"The best way to describe the new Reliance is that we have now become a new-age tech company with distinctive capabilities. Today we are a net producer of technology, large-scale deployer of technology, as well as a democratiser of technology," he added.

Further, Ambani said, "hat is true about Reliance is equally true about scores of other Indian corporates and start-ups. I admire their brilliant achievements. It is time for all of us in business community to work together to transform India into Developed Nation."