Having missed most of the first three industrial revolutions, India has its chance to lead the fourth industrial revolution through a convergence of its IT prowess, ultra-high-speed internet connectivity and affordable smart devices, billionaire Mukesh Ambani said on Thursday.
The richest Indian man, who heads the nation's most valuable company Reliance Industries Ltd, said his group's telecom and digital unit Jio was conceived to provide the key ingredients needed to lead the fourth industrial revolution.
India missed the first two industrial revolutions and the changes brought about by them. During the third industrial revolution, where information technology came to prominence, India joined the race but still remained behind, trying to catch up with the leaders.
"As we step into the fourth industrial revolution, India has the opportunity, not just to catch up with the leaders but to emerge as a global leader itself," he said at TM Forum's Digital Transformation World Series.
The fourth industrial revolution, he said, is driven by the convergence of digital and physical technologies such as digital connectivity, cloud and edge-computing.