"I can assure that we are not going to lose money. That I can guarantee you".Ambani dismissed the controversy generated by Jio's newspaper advertisements featuring Prime Minister Narendra Modi. So he stuck to his conviction — that RIL is an Indian company and must be for India and Indians — and took the Jio plunge. "When we started the capital cycle in 2010-11, contrary to most other Indian business houses, we put 100 per cent of our money in India. We are working with RCom in a number of mutually beneficial areas, as we are with Bharti, Vodafone and Idea," he said.

Source: Economic Times September 07, 2016 22:13 UTC