India won't be importing 80% of its energy in next decade: RIL chief Mukesh Ambani

Mumbai: Reliance Industries chairman Mukesh Ambani said on Wednesday that India will not be importing 80% of its energy in the next decade.

Ambani was speaking at a fireside chat with BlackRock chief executive Larry Fink during a JioBlackRock event in Mumbai.

Reliance, which operates the world's largest single-location refinery at Jamnagar in Gujarat, is also rapidly expanding its renewables portfolio.


Sustained double-digit growth for India is possible, Ambani said, while adding that sustained law and order for 15-20 years and social harmony are prerequisites for economic growth. "I can clearly see 100 new Reliances coming up in the country," he said.

During the event, Ambani unveiled a draft Reliance AI Manifesto, outlining the conglomerate's plan to transform it into an AI deeptech enterprise while driving a tenfold improvement in productivity. Reliance Industries aims to lead India's AI revolution, just as it led the country's digital transformation, he said.

"At Reliance, we have embarked on a path to transform ourselves into an AI-native deeptech company with advanced manufacturing capabilities," he said.

The conglomerate plans to employ AI and agentic automation to speed up work, eliminate repetitive work and improve decision-making while retaining human accountability, he said.