Mukesh Ambani sets up Estonian JV for e-governance

Industrialist Mukesh Ambani is keen on the e-governance space and has set up a subsidiary company in Estonia to get a grip on the solutions, government officials of the Northwestern European nation have said.

Ambani has formed a subsidiary with the Estonian government's former chief information officer Taavi Kotka.

The joint venture will be looking for solutions in the e-governance space, Viljar Lubi, vice-minister for economic affairs and communications of Estonia, which is a European Union member, told a group of visiting journalists recently.

He, however, did not elaborate on the exact scope of the partnership, saying government only plays the role of a facilitator.

Multiple officials in Estonia, which is among the most digitised countries in the world, maintained that 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 per cent of digital penetration.

Ambani, the richest Indian who runs the most profitable domestic company Reliance Industries, took an e-residency of the European nation in May this year, the officials said.

An e-residency helps a foreigner access the EU opportunity by helping him/her form a company, among other benefits.

(Agencies)