New Delhi: Reliance Jio, the largest telecom carrier in India, has announced a partnership with the Institute of Risk Management (IRM) India Affiliate to strengthen enterprise risk management (ERM) practices in the telecom industry. The objective of the collaboration is to promote the importance of ERM and build resilience in the sector. IRM is a globally recognized leader in ERM qualifications, present in more than 140 countries worldwide.
The alliance between IRM and Reliance Jio, which is a subsidiary of Jio Platforms, will involve organizing industry events, roundtables, webinars, and thought leadership articles to enhance ERM and risk intelligence in the telecommunications sector.
Sachin Mutha, Head of Risk Management at Reliance Jio, expressed excitement about partnering with the world’s leading professional body for ERM qualifications. He stated that the company’s risk management process aligns with international standards, and the partnership would assist in developing best practices to manage risks effectively.
The collaboration with IRM India Affiliate aligns with the organization’s mission of creating self-reliant and resilient enterprises across various sectors in India. IRM has recently entered into knowledge-sharing partnerships with several leading companies, including Cipla, UltraTech, IHCL, NIMSME, and AICTE.
According to a KPMG study, the telecom industry faces increasing complexity and resource-intensive risk management challenges. Key risk areas include investment, employees, supply chain, regulatory, and cyber risk. The COVID-19 pandemic has highlighted the importance of having a secure and scalable telecommunications network for both national economic wellbeing and individual citizens.
Through this partnership, Reliance Jio and IRM India Affiliate aim to contribute to the growth of risk management in the telecom industry and promote the development of resilient and risk-intelligent organizations in India.