In his annual letter to shareholders, Mukesh Ambani, Chairman of Reliance Industries said RJIL has finalised key agreements with its technology partners, service providers, infrastructure providers, application partners, device manufacturers and other strategic partners for the project.
"Participating and investing in India’s growth has been the fundamental principle of Reliance’s evolution. Reliance has always maintained its conservative financial profile and investment grade ratings while pursuing future growth opportunities," he said. Ambani did not give any timeline for the launch of the services.
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RJIL has also completed the detailed planning for pan-India implementation of the infrastructure needed for the project. "RJIL continues to attract the best talent in the industry and is focusing on building a high performance team. The key leadership talent required for the setting up of the business are in place in the respective geographies and are currently leading the implementation phase," the company said.
On its $30 billion capital expenditure, Ambani said the company is committed towards investing in Reliance’s future. "We are confident that our large capital expenditure programme will enable us to take full advantage of our market leadership positions and achieve our growth ambitions," he said.