India Business
Image Credit: PTI
Image Credit: PTI

Mukesh Ambani Hails India’s Telecom Sector, Says Data Is Oxygen And We Have It In Abundance

Team Republic |

Reliance Industries Chairman Mukesh Ambani on Wednesday shed some optimism on the data sector in India. He commented that data is oxygen in a digital economy and that our country have it in super-abundance. 

Mukesh Ambani was addressing the Indian Mobile Congress 2017 (IMC) in New Delhi where he hailed India as one of the biggest telecom markets in the world. Ambani said that data is a 'vital life-sustaining resource' which should be provided to all Indians at the most feasible cost.

"The fourth industrial revolution, fuelled by connectivity, data and Artificial Intelligence has begun. Data is the oxygen of a digital economy. We cannot deprive Indians of this vital life-sustaining resource,” said Ambani.  

“Data is the new oil, which does not need to be imported. We have it in super-abundance," 

Highlighting the achievements of the Indian telecom industry so far, Ambani claimed that in the next 10 years, India will grow from a USD 2.5 trillion to a USD 7 trillion economy and rank among the top three economies in the world. 

Further, he also stated that 4G network is projected to surpass 2G network in the next twelve months. "The pace at which the Indian Mobile Industry has grown is unparalleled in the world. India leapfrogged from 155th in mobile broadband penetration to being top mobile data consumer in the world in last one year," he said.

Further, he highlighted the need of the hour to be the presence of internet for all Indians at affordable prices. "India must tap the potential of new technologies to transform and create jobs in rural and agricultural sector. India must embark on the task of connecting everything and everyone via super Internet of Things," he said.

Meanwhile, Aruna Sundarajan, Secretary, Telecom Ministry said India can be transformed into a manufacturing hub and global telecom leader, adding that 'Make in India' can aid the employment generation drive.