Mobile internet defining technology of the century:Mukesh Ambani

Mobile internet is the defining technology of the century and Reliance Industries was fortunate enough to have the right intuition ahead of time that this industry will evolve, Managing Director Mukesh Dhirubhai Ambani said in  a freewheeling chat with NDTV’s Shekhar Gupta on the idea behind Jio.

Ambani says he is a big believer in technology and the progress that humanity can make with its adaptation. Jio is conceived and engineered to make sure that all Indians have access to high-quality but low-cost mobile internet which is a pre-requisite for development, he adds.

Listing out the criteria’s that Reliance considers while investing, he says any business or project should create societal value, customer value, employee value and shareholder value."Societal value is critical as society gives us a licence to operate and making money only is not the licence," he adds.For the full interview watch the video on NDTV(Disclosure: Reliance Industries owns Network 18 Media & moneycontrol.com)