The new year has started. In this new year, the country’s biggest businessman Mukesh Ambani faces many challenges. Let us know what challenges Mukesh Ambani will have to face this whole year.
Challenges of Mukesh Ambani: This year, Mukesh Ambani will have to deal with the hurdle in the process of acquiring Future Retail. This acquisition is more than 24 thousand crore rupees. In this, Future Group will hand over its retail, warehousing, and logistics business to Reliance Industry, but Amazon has put a block on this deal. Apart from this, the deal between Reliance Industries and the world’s largest oil refinery company Saudi Aramco is also likely to be sealed this year.
Actually, the deal was expected to be completed by March 2021 but due to Corona it is still pending. Let us know that Mukesh Ambani had announced a 20 percent stake in the oil-petrochemical business to Saudi Aramco. The oil-to-petrochemicals business will include Reliance’s two refineries at Jamnagar in Gujarat and petrochemical assets.
Not only this, but Reliance also has the challenge to maintain the customer base of its Jio platform. Actually, the number of customers of rival company Airtel has increased on a monthly basis in the last few months. At the same time, there is anger among people against Jio. However, many steps are being taken by Reliance Jio, including free calling, to try to deal with this situation.
This year Mukesh Ambani will also have to try to get into the top 10 list of wealthier billionaires. Let us tell you that Mukesh Ambani was dropped from the top 10 ranking of wealthier billionaires in the last month of last year.
Apart from this, the title of Asia’s richest billionaire was also taken away. Currently Mukesh Ambani is the 12th richest man in the world.