November 05, 2018

Mukesh Ambani sets up subsidiary in Estonia, looks for solutions in e-governance space


Recently, government officials of Estonia reported that Indian business magnate Mukesh Ambani—the Chairman, Managing Director, and the largest shareholder of Reliance Industries Limited—is keen on the e-governance space and has set up a subsidiary company in Estonia, with the Estonian government's former Chief Information Officer Taavi Kotka, to get a grip on the solutions.

Reportedly, Viljar Lubi, Deputy Secretary General for Economic Development at the Estonian Ministry of Economic Affairs and Communications, said that this joint venture will be looking for solutions in the e-governance space.

According to several Estonian officials, the role of private companies has been crucial in developing the digital infrastructure used by almost all of its citizens. The country claims of 99% of digital penetration.

The officials thus believe that this was the reason Ambani took an e-residency of Estonia in May 2018, which, among other benefits, helps a foreigner access the EU opportunity by helping him/her form a company.

Related Post

latest News

  • Trial Proceedings Against Top Former Punjab National Bank Officials Stayed By The Delhi High Court

    The Delhi High Court has stayed the trial court proceedings against its former Managing Director and Chief Executive Officer Usha Ananthasubramanian a...

    Read More
  • Condition of pre-deposit under PVAT is neither onerous nor harsh; Appellate Authority cannot override the requirement of pre-deposit prescribed by the statute: SC

    A set of appeals before the Supreme Court of India challenged the judgment and order passed by the High Court of Punjab and Haryana at Chandigarh and ...

    Read More
  • Two Cybercrime units (Cyberdome) set up in Kozhikode

    The Kerala Police department conceived a cyber centre in the state for giving a boost to cybercrime investigation in north Kerala. Two cybercrime inve...

    Read More