News Business and Finance

Jio Was Biggest Risk Of My Life: Ambani Says

0 blank 0
Read Time:45 Second

Billionaire industrialist Mukesh Ambani described his 2016 return to the telecom industry with Reliance Jio as the “biggest risk” of his life, saying that even if analysts’ predictions of financial failure had come true, it would still have been worth it for the role it played in transforming India digitally.

blank

In an interview with McKinsey & Co, the richest Asian said Reliance Industries was investing its own billions of dollars in rolling out 4G mobile networks — which some analysts thought might not work out financially as India was not ready for the most advanced digital technology.

“But I told my board, ‘In the worst case, we will not earn much return. That’s okay because it’s our own money. But then, as Reliance, this will be the best philanthropy that we will have ever done in India because we will have digitized India, and thereby completely transformed India’,”

 

source: PTI

blank

About Post Author

The Business Daily

The Business Daily is North East India’s first Financial News Portal. This Pink Portal covers all big breaking news from the world of Business, Brands, Politics, Entertainments, Sports etc.
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
blank
The Business Daily
The Business Daily is North East India’s first Financial News Portal. This Pink Portal covers all big breaking news from the world of Business, Brands, Politics, Entertainments, Sports etc.
http://www.thebusinessdaily.in

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published.