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Mukesh Ambani
Chairman & Managing Director, Reliance Industries

Mukesh Ambani At 5G Launch: 'We Will Launch 5G Service Across India By December 2023'

🎥 Oct 01, 2022 📺 India Today ⏱ 8m 👁 59747 views
PM Narendra Modi will officially launch 5G services in India today. The Prime Minister will announce the launch of 5G services at India Mobile Congress (IMC) event happening at New Delhi’s Pragati Maidan. While the launch of 5G services will happen today, users may not get to use 5G anytime soon. Reliance Jio has already shared a timeline for Jio 5G service rollout. The telecom operator, at its annual general meet (AGM) 2022 event earlier this year, announced that it will start rolling out 5G services in a phased manner. To start with, Jio 5G services will rollout to 4 cities by Diwali, whic...
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About Mukesh Ambani

At Reliance Industries' 49th Annual General Meeting in May and June 2026, Mukesh Ambani announced that the board of Jio Platforms had approved a draft red herring prospectus and that it would be filed with SEBI. He described the proposed listing of Jio as a demonstration that India can build technology companies of global scale and value. Ambani stated that his children Isha, Akash, and Anant are heading the Jio IPO process and, under his guidance, are expanding existing businesses while laying the foundation for new ventures. He said he envisions each of these ventures growing as big as today's Reliance. Ambani said Reliance is transforming its operating model to become a deep tech company with advanced manufacturing capabilities and is making every business AI native. He stated that India should not be a mere consumer of AI but must become a creator and global leader, and that Reliance Intelligence, announced the previous year, aims to build a profitable AI infrastructure and services business. He also said the most important lesson for India from volatile times is to intensify efforts toward self-sufficiency in energy and AI. Ambani reported that Reliance posted record high revenue, EBITDA, and net profit for FY26, becoming the first Indian company to cross $120 billion in annual revenue and the first to report annual profits exceeding $10 billion.

Source: AI-verified profile updated from Mukesh Ambani's recent appearances. Browse all interviews →

Transcript (5 segments)
✨ AI-enhanced transcript with speaker attribution
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Host0:00
Now ladies and gentlemen, we invite the views of our industry leaders, the three star warriors, the telecom service providers who have been working very closely in collaboration with the government of India and they've brought about a remarkable change in the digital communication sector. In fact, mobile technology today has truly become an instrument of citizen empowerment. So we invite now the views of Shri Mukesh Ambani, the Chairman of Reliance Industries Limited, inviting him for his address.
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Mukesh Ambani0:41
Most respected Prime Minister Shri Narendra Bhai Modi ji, Honorable Minister Shri Vaishnav ji, Honorable Minister of State Shri Chawan ji, Secretary Telecom Shri Raja Raman ji, my good friends from industry Sunil and Kumar, distinguished delegates, ladies and gentlemen, good morning. My hearty congratulations to DoT and COAI for organizing the sixth edition of the India Mobile Congress. I can wholeheartedly say today that as the Indian telecom industry, what we have demonstrated, I feel very proud. And to both COAI and DoT I can say that we are now ready to take leadership, and the Indian Mobile Congress should now become the Asian Mobile Congress and the Global Mobile Congress. Thank you. Today is also very special because it coincides with our national celebration of Azadi Ka Amrit Mahotsav. Our beloved Prime Minister Shri Narendra Bhai Modi ji has shared an inspiring vision of making India a developed nation by 2047. Every policy and every action of the government is skillfully crafted to propel India towards that goal. The steps taken to fast-track India's march into the 5G era provide a compelling proof of our Prime Minister's determination. This is most heartening because 5G is much more than the next generation of connectivity technology. To my mind, it is a foundational technology that unlocks the full potential of other 21st century technologies like artificial intelligence, Internet of Things, robotics, blockchain, and metaverse. In fact, I think of 5G as an acronym for five goals that fundamentally can transform our nation.
First, 5G and 5G-enabled digital solutions can bring affordable and high-quality education and skill development within the reach of common Indians. This will help young Indians realize their full potential by arming them with world-class capabilities and competencies so that they can earn more and make India globally competitive. Second, 5G can affordably deliver high-quality healthcare to rural and remote areas by turning existing hospitals into smart hospitals without much additional investment. This will make services of the best doctors digitally available anywhere in India, dramatically improve the speed and accuracy of diagnostics, and enable real-time clinical decision making. All this will enhance the health, wealth, and happiness of all Indians. Third, 5G can bridge the gap between urban and rural India by accelerating digitization and intelligent data management of agriculture services, trade, industry, the informal sector, transportation, and energy infrastructure. This will create huge efficiencies in all economic activities, making India a hub of innovation and also help us mitigate the climate crisis. Fourth, 5G can make available the same powerful productivity tools to small-scale industry and commercial enterprises as are used by large capital-intensive businesses. This will drive modernization and profitability of all sectors of India's economy. And fifth and final, by bringing artificial intelligence into every domain, 5G can power India's emergence as the world's intelligence capital. This will help India become a major exporter of high-value-added digital solutions and services.
Achieving these five goals will trigger a huge explosion of entrepreneurship in our country, which in turn will attract even larger investments and create millions of new jobs for our young people. By harnessing the combined power of democracy, demography, and digital technologies, India can become the world's leading digital society, setting a benchmark for simultaneously achieving the dual goals of acceleration of growth and inclusion in development. Acceleration of growth by making India a 40 trillion dollar economy by 2047, up from 3 trillion today, and inclusion in development by increasing our per capita income rapidly to twenty thousand dollars from two thousand dollars per capita today. Therefore, it will not be an exaggeration to say that 5G is like a digital Kamdhenu, the heavenly cow that grants whatever we desire. Esteemed dignitaries, the rollout of 5G in India is not an ordinary event in India's telecom history. It carries the keen expectations and the high aspirations of 1.4 billion Indians. With 5G, India will take longer and faster strides towards digital sabka, digital vikas. India may have started a little late, but I want to assure all of you, we will finish first by rolling out 5G services across the length and breadth of India. And as an industry, we will ensure that we have the highest quality and the most affordable rates that anyone else has in the world today.
I want to reiterate Jio's commitment to deliver 5G to every town, every taluka, and every tehsil of our country by December of 2023. Most of Jio's 5G is developed in India and hence carries the stamp of Atmanirbhar Bharat. On this occasion, I would like to congratulate Honorable Shri Ashwini Vaishnav ji and the Government of India for their efforts to strengthen BSNL. A strong BSNL will bring the balancing presence of a government entity in this very strategic sector. Most respected Pradhan Mantri ji, before I conclude, I would like to express a deep-seated emotion of pride in my heart, a pride felt by every Indian. Your leadership has raised India's prestige, profile, and power globally like never before. In today's fast-changing world, there will be no stopping a resurgent India from soaring to the top, a place that is rightfully ours. India and Indians can't settle for anything less. All of us at the India Mobile Congress assure you that we will work together and walk together under your guidance towards the glorious future that awaits our nation. Thank you and a very happy Navratri to all of you and all my fellow Indians.