Industry, govts and civil society must work as a coalition: Mukesh Ambani

The Chairman of Reliance Industries Limited RIL Mukesh Ambani said on Monday that the industry governments and civil society will have to work as a coalition for the global economy Addressing the Qatar Economic Forum Ambani spoke about the biggest challenges for the industry as the world emerges from the Covid19 pandemicWell I think that one of the challenges is to make sure that we get rid of the vaccination divide It is critical that bulk of the developed world will be vaccinated by the end of the year I think we in India have taken a lot many steps and we expect that by the end of this year or by the first quarter of next year we will do very well We have to make sure that we are in this all together Ambani saidThe second challenge for all of us particularly in the more developed countries is to make sure that we bring back the economies which have not had the benefit of stimulus which have not had the benefit of government money by really supporting the whole global economy to come back and grow Ambani saidWe must be able to grow the whole world in a sustainable way and not only bring back the developed economies And towards that all of us the industry governments and civil society will have to work as a coalition not only for our own company not only for our own country but for the global economy Ambani addedAlso read Mukesh Ambani draws nil salary for financial year 202021 RelianceTalking about how business has changed post the pandemic Ambani said I think that trade along with purpose and compassion is the way forward And that is going to get all of us as humanity together to integrate and make sure that collectively we can actually deal with global problems as one and help each other moving forward To my mind this for the global economy is a fork in the road and gives us an opportunity that together we can achieve a lot moreOn the digital divide Ambani said connectivity and communication have become the basic needs and also fundamental rights of every human being on the planet as basic as food clothing and shelterWe never realised this as acutely as we did in the corona pandemic Even in India our Prime Minister had given a call for Digital India and I was privileged with our digital services company called Jio to roll out a 4G network We were lucky that we rolled out the network across the length and breadth of India by 2018 We have always wondered what could we have done without a 4G network across India in facing the corona crisisSo yes the digital infrastructure was very useful in work from home in vaccinating all our people in making sure that our children learn at home and learn online And I think that this trend of digitalphysical will be the new normal and in the future we will deliver most of our health and education services in a digitalphysical sense Ambani saidOn sustainability in business Ambani said My view is that we have no option as a society or as a business but to really adopt sustainable business model To ensure that embracing the model of clean energy is a prerequisite for our growth and we at Reliance have adopted this wholeheartedly and are transforming each of our businesses to be sustainable circular recyclable and fully transparent with environment social and governance standards I think that is prerequisite for every business to survive as we go forward It will mean transforming our businesses and integrating them with the futureThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever