‘Trump is a Bless­ing for In­dian IT’ RIL chair­man says Trump will make In­dian tal­ent fo­cus on In­dia and find solutions for is­sues here

The Economic Times - - Disruption: Startups & Tech - Our Bureau

Mumbai: Even as elec­tion of Don­ald Trump as the US Pres­i­dent has raised the hack­les of the In­dian IT in­dus­try, Mukesh Am­bani, the chair­man of In­dia's largest pri­vate sec­tor com­pany Re­liance In­dus­tries said that it may in­stead prove to be a bless­ing in dis­guise for the $155bil­lion in­dus­try.

“Trump will be a bless­ing in dis­guise. He will make In­dian tal­ent fo­cus on In­dia and find solutions for In­dia,” said Am­bani at the Nass­com In­dia Lead­er­ship Fo­rum. He added that the In­dia mar­ket is huge and has the po­ten­tial to be­come the largest soft­ware mar­ket in the world. He, how­ever, cau­tioned the coun­try against adopt­ing any re­tal­ia­tory pro­tec­tion­ist poli­cies.

“The world will try to build a wall. But, we should not be in­flu­enced by that. It is very im­por­tant to be open and have part­ner­ships,” he said.

Talk­ing about the po­ten­tial for tech­nol­ogy use in the coun­try, Am­bani said that we are at an ex­cit­ing time in hu­man his­tory and data is the new oil. “The fourth in­dus­trial revo­lu­tion is all about con­ver­gence of phys­i­cal, dig­i­tal and bi­o­log­i­cal sci­ences… At the foun­da­tion of the fourth in­dus­trial revo­lu­tion is con­nec­tiv­ity and data. Data is the new nat­u­ral re­source, this has to be pro­cessed to in­tel­li­gence for it to be use­ful but I do be­lieve that we are at the be­gin­ning of an era where data equals oil.” He added that In­dia will have a com­pet­i­tive ad­van­tage here with its pop­u­la­tion of 1.3 bil­lion peo­ple and huge amount of data gen­er­ated by them.

Am­bani’s lat­est ven­ture Jio shook the telecom in­dus­try spark­ing a wave of con­sol­i­da­tion. He said that Jio cov­ers al­most 95% of the peo­ple in the coun­try and as the world digi­tises, the next step will be part­ner­ships.

Am­bani hailed out to Nandan Nilekani, the founder-chair­man of the Unique Iden­ti­fi­ca­tion Author­ity of In­dia (UIDAI) for build­ing Aad­haar, which has en­abled real-time customer au­then­ti­ca­tion for reg­is­ter­ing new telecom con­nec­tions. “With­out Aad­haar, we wouldn’t have been able to en­roll one mil­lion peo­ple a day,” he said. Am­bani also spoke about how new tech­nolo­gies such as ar­ti­fi­cial in­tel­li­gence and nat­u­ral lan­guage process could em­power mil­lions of peo­ple. “What hap­pens to mil­lions of In­di­ans when they can speak to their mo­bile phones in their lan­guages and get an­swers. It will re­de­fine the qual­ity of in­for­ma­tion and ser­vices, that is an op­por­tu­nity that was im­pos­si­ble be­fore,” he said.

Ad­dress­ing the count- ry’s boom­ing startup ecosys­tem, Am­bani said that they should fo­cus on solv­ing real prob­lems, which do good to peo­ple in some way and not fo­cus on fi­nan­cial re­turns alone.

ON STAR­TUPS Treat your in­vestors’ money even more care­fully than your own & it is very im­por­tant to align the team pas­sion­ately with your own mis­sion MUKESHAMBANI Chair­man, Re­liance In­dus­tries

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