CIO Tech Outlook Team | Thursday, 26 June 2025, 13:26 IST
Reliance Industries Ltd. (RIL), India's largest conglomerate, is being repositioned as a deeptech and advanced manufacturing company, said Chairman and Managing Director Mukesh Ambani.
The diversified conglomerate spans digital services to energy, petrochemicals, new energy, retail, and media. During a discussion with Gautam Kumra from McKinsey & Company, a strategy that leaned heavily on having core technology and innovation conducted in-house was described.
"In artificial intelligence, our purpose is clear: to address complex societal challenges and create wealth for the nation and its people. We don’t intend to play the high-stakes graphics processing unit game. Instead, we will focus on downstream applications. The next phase for Reliance is to become a deeptech and advanced manufacturing company", stated Mukesh Ambani.
It was said that Reliance's telecommunications venture Jio was designed in an end-to-end manner using their own in-house technology with only minor assistance from Ericsson and Nokia, and capabilities were built for the market enabling them to offer their services along a proprietary path.
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Reliance is pursuing a new energy business that will develop one of the largest green energy manufacturing ecosystems in the world across solar, hydrogen, batteries, and bioenergy. Reliance is framing their new energy business as a contribution to reducing the global climate crisis.
Ambani added, "At the beginning of building any new business, we ask ourselves: ‘What is the most critical need for India’s development, and how can we fulfil it at scale and over a long arc of time?’ That remains a fundamental piece of Reliance".
Previously, Reliance announced an investment of ?75,000 crore ($10 billion) to build India's most comprehensive new energy and materials ecosystem. Businesses are expected to target net-zero carbon by 2035 with future growth expected from new advanced technologies.
"The fact that the technology landscape is changing at an exponential speed is self-evident. I think that the big challenge will be in the confidence of our next generation to succeed in this new landscape", said Mukesh Ambani.
