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Data is the new oil and India doesn’t need to import it: Mukesh Ambani (Lead)

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New Delhi, Sep 27 (IANS) Reliance Industries Ltd Chairman Mukesh Ambani on Wednesday said data is the new oil and India does not need to import it.

“Data is the new oil. India does not need to import it. We have it in super abundance. It will be a new source of value and will create opportunities and prosperity for India and millions of Indians,” Ambani said while addressing the India Mobile Congress here.

“As a nation, we missed out on the first three global industrial revolutions — namely mechanisation, mass production and automation. The Fourth Industrial Revolution, fuelled by connectivity, data and Artificial Intelligence, has now begun.

“India now has the opportunity to lead the Fourth Industrial Revolution, which is set to usher in more dramatic transformations globally than the three previous revolutions. Mobile Internet and cloud computing are the foundational technologies in the Fourth Industrial Revolution.”

Ambani said India has leapfrogged from a lowly 155th in mobile broadband penetration to being the world’s largest mobile data-consuming nation in just one year.

He further said: “Data is the oxygen of a digital economy. We cannot deprive Indians of this vital life-sustaining resource. We have to provide ubiquitous access to high-speed data at affordable prices.”

Ambani said the Indian mobile market is now overflowing with data.

“All of us have worked to create a robust digital circulatory system to carry data to each one of the 1.3 billion Indians, including those living in the remotest village.

“Within the next 12 months, 4G coverage in India will become larger than the 2G coverage. There is an urgent need to apply the revolutionary powers of digital technologies to India’s pressing needs and challenges.”

He charted out three must-do tasks for the industry and government alike.

First, he said: “We must explore and implement innovative ideas to generate employment, self-employment and income-generation opportunities for millions of Indian youth.”

Secondly, he said digital technologies can be a boon for achieving national priorities of energy security, water security, and resource security and, thirdly, India’s human capital is our greatest asset.

“Therefore, digitalisation of education, training and human resource development in a comprehensive manner must be regarded as a precondition for the success of Digital India. To accomplish all these tasks, the telecom and IT industry will have to partner with every sector of the economy and government, every business and every institution, from the biggest to the smallest.”

“I believe that in the next 10 years, India will grow from a $2.5 trillion economy to a $7 trillion economy and rank among the top three economies in the world.”

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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