TIDBITS

For Mukesh Ambani, data is new oil

By IndianMandarins- 30 Sep 2017
797

for-mukesh-ambani-data-is-new-oil "Data is the new oil", said chairman and managing director of Reliance Industries Ltd (RIL) Mukesh Ambani at the first edition of the India Mobile Congress in New Delhi.  "India does not need to import it. We have it in super-abundance. As an industry, we have the urgent task of empowering 1.3 billion Indians with the tools needed to flourish in the digital marketplace. We have to provide ubiquitous access to high-speed data at affordable prices," he added. He predicted that in the next one year, 4G coverage in India may exceed that of 2G.

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