Mukesh Ambani, chairman of Reliance Industries took the stage at FICCI FRAMES 2016 and spoke about the future of digital media and Reliance Jio services.
Addressing the audience, Mukesh Ambani mentioned the Indian media industry has grown by 9 times in the last 12 years. The total value, he says, is expected to hit $100 billion in 10 years. Calling Jio the “world’s biggest startup,” he added that the Rs 1,50,000 crore investment in the service is because he sees digitisation as the “defining trend of the century.”
Adding the “the best is yet to come for the Indian media industry,” Ambani said that Jio would significantly up the quantity and quality of mobile broadband coverage by 80-100 times. He expects Jio to offer coverage to 90 percent of Indians and also speeds that are 40-80 times greater than the current average.
Speaking of the potential of digital media content and accessible broadband, Ambani said that an affordable video network would change the way we learn.
“It will revolutionise education in India. We’re moving from audio to video,” he said. Adding in that the world was graduating to a tele-media world and that we are now part of a tele-media front.
He ended with a statement indicating that Reliance Jio would do its best to support and boost the Digital India initiative because it’s about bringing people together and join the Digital India movement.
Also at the event was Uday Shankar, CEO of StarTV, who spoke about how story-telling, coupled with technology would change the world.
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