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The latest information A National Asset That Must Be Nurtured Is Bharti Airtel: Mittal, Sunil

Airtel’s success highlights the need to recognize and support such companies as national assets.

The telecoms sector has recently had to deal with difficulties brought on by fierce rivalry, legal problems, and mounting debt. Nevertheless, Airtel was able to survive the crisis and grow to be a prominent participant in the industry. The remarks made by Mittal highlight the necessity of valuing and assisting these businesses as national assets.

HIGHLIGHTS

  • It has been said that the telecom giant Bharti Airtel, whose founder and chairman is Sunil Mittal, must be protected, is a national asset.
  • Mittal further emphasized that Airtel is not his company but rather a success tale that should inspire thousands of other businesses around the nation to perform like wonders.
  • Mittal’s comments emphasized the importance of Airtel to the Indian economy and society.

Bharti Airtel’s founder and chairman, Sunil Mittal, referred to the telecom giant as a “national asset that needs to be nurtured” in his acceptance speech for the ET Business Leader of the Year award. In front of Union Finance Minister Nirmala Sitharaman, Mittal aggressively defended the company against the backdrop of the telecom industry consolidation, which saw the number of businesses shrink from 13 to 3. According to Mittal, there was no consolidation in our case. Only destruction took place as company after company disappeared.

Is it the government, its shareholders, its employees, or its consumers, he continued? I’ll sum it up by saying that it is a national asset. once more emphasizing that Airtel is not.

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Mittal’s comments emphasized the importance of Airtel to the Indian economy and society. The telecom company is a big player in the industry with more than 300 million subscribers. Airtel has also been a leader in innovation with the launch of services like Airtel Payments Bank and Airtel Xstream.

Due to ferocious competition, restrictive laws, and mounting debt, the telecom industry has recently faced challenges. In spite of this, Airtel persisted through the crisis and became a dominating power in the sector. Mittal’s remarks highlight the need of appreciating and supporting these companies as national assets.

The speech was delivered during the ET Awards for Corporate Excellence ceremony, which recognizes the top Indian businesses and entrepreneurs. Sitharaman was another.

What do you think?

Written by Shallu Srivastav

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