Mumbai: 4G coverage in India will exceed that Mukesh Ambani, chairman and managing director of Reliance Industries Ltd (RIL), forecasted on Wednesday at the first edition of the India Mobile Congress in New Delhi.
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 services for a combination of free Internet access and free voice calls.
"I believe that in the next 10 years, India will rise 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 true, the Indian telecom and IT industry have to engage in recreation 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 rebellion, which India has the opportunity to lead. Industrial Revolution 4.0 is set to escort in more dramatic transformations globally than the three previous revolutions, he said.
“Data is the new oil. India does not require importing it. We have it in super-abundance. As an industry, we have the vital task of empowering 1.3 billion Indians with the tools needed to thrive in the digital marketplace. We have to provide omnipresent access to high-speed data at affordable prices,” Ambani said.
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