Earlier this year, Reliance Jio further strengthened its business by attracting global technology giants Facebook and Google to invest in its next-gen technology arm Jio platforms. The investments have, however, raised concerns over Reliance’s dominant position and data security.

But this isn’t the first time that Reliance has faced criticism. In his conversation with Goswami, Mukesh recalled the time when his father faced regulatory penalties and how the company “changed the mindsets of the ruling class, the mindsets of the bureaucracy to be more empowering, to liberalise.”

…there was a time when Reliance was show-caused by the government and penalised for producing more than its licensed capacity. And then with the economic reforms, today we only incentivise production, and everything that we do today is linked to production and more production.

So that is how much mindsets have changed.

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