Reliance investing in AI-powered, human-centric robotics, Mukesh Ambani calls it an 'exciting frontier'

Mukesh Ambani announced that the group will invest Rs 40,000 crore ($4.7 billion) to create Asia’s largest integrated food parks with AI-driven automation and robotics, over the next three years.

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Mukesh Ambani, Chairman of Reliance Industries, has laid a special focus on humanoid robotics, calling it an ‘exciting frontier for AI’ while addressing shareholders during the 48th annual general meeting on August 29, adding that ‘astonishing advances’ are taking place in this space.

“We are investing to make India a leader in human-centric robotics powered by AI, creating new types of industries and services, new types of agriculture, new types of jobs, and attractive new opportunities for our youth,” Mukesh Ambani said.

The chairman cited the advances are taking place in the field of human-centric robots. “Intelligent automation will transform factories into adaptive production systems, warehouses into autonomous supply chains, and hospitals into centres of precision care,” Ambani said.

Reliance Retail is aiming to achieve over 20 percent compounded annual growth rate (CAGR) in revenue over three years, and one among the eight growth enablers would be tech-led capabilities in the form of robotics-enabled warehouses, which would allow the retail business to scale with precision and efficiency, ensuring profitability even in aggressive growth phases.

Chairman Ambani also announced that the group will invest Rs 40,000 crore ($4.7 billion) to create Asia’s largest integrated food parks with AI-driven automation and robotics, over the next three years. Ambani said the conglomerate’s supply chain, powered by automation, AI, and robotics, is designed to deliver reliability at any scale.

Also Read: Mark Zuckerberg, Sundar Pichai join Reliance AGM, RIL ties up with Meta and Google to power its AI push

At the beginning of his speech, Ambani mentioned that the company is resolutely transforming is operating model to become a Deep-Tech company with advanced manufacturing capabilities. “We are making every one of our businesses AI-native, positioning them for hyper-growth.”

In 2022, Mukesh Ambani-led Reliance Retail acquired a 54 per cent stake in domestic robotics company Addverb for USD 132 million (about Rs 983 crore).

Disclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.