Reliance has made some of the historic announcements in 43rd Annual General Meeting 2020. Ranging from new Jio products and services to some of the major strategic partnerships.
The Chairman and Managing Director of India’s most-valued private company, Mukesh Ambani said the company has raised Rs 1,52,056 CR in last few months from strategic investments. So far Facebook is the biggest investor for Jio, with 9.99% stake for Rs 43,574 CR.
Cumulatively, the company has raised Rs 2,12,809 crore through the rights issue, the combined investments in Jio Platforms and investment by BP. In June Reliance Industries has already achieved its Net Debt Free status way ahead of defined timeline March 2021. This year turned out to be a magnificent year in terms of the investments that the company has received from global players.
Jio is an undisputed leader in India providing Digital Services & during this COVID-19 time Jio has become a digital lifeline for Indians.
Jio 5G: Jio has designed and developed a complete 5G solution from scratch that will enable to launch a world-class 5G service in India using 100% homegrown technologies & solutions. It is going to be a huge achievement for India if Jio happens to do it on time. As per the Chairman & Managing Director of Reliance Mr Mukesh Ambani, A complete 5G solution is ready for trials & just waiting for 5G spectrum availability. Reliance Jio is planning for this 5G field deployment by the early next year 2021. Once it is successfully implemented in India Jio will be ready to export it to the world as a complete managed 5G service. This 5G solution has been dedicated to India’ PM Narendra Modi’s highly motivating vision “Aatma Nirbhar Bharat”.
Jio TV Plus: New Reliance is backed by technology. Jio has decided to integrate major 12 OTT Platforms such Netflix, Amazon Prime, Disney+ Hotstar, Voot, SonyLiv, Zee5, JioCinema, JioSaavn, YouTube, among others, into one app under a single subscription so that all the content be available at a single place. This integration is going to be in Jio’s Set-top-box which will provide additional features like Voice Search and Single Login. Jio TV Plus will provide Majority of TV channels with various live interactivity features available. Jio TV Plus is a content aggregator that brings over the top (OTT) platforms, TV channels, various apps, and services together.
Jio Glass: Reliance has showcased a new Mixed Reality Solution called Jio Glas. It is a step towards making 3D mixed reality experience available for consumers at affordable prices. This is a 75 grams piece of technology which comes with a convenient cable, best in class mixed reality experience, Audio system integrated with it. It Supports more than 25 apps, which allows smooth collaboration & you can enjoy the holographic 3D experience. It will contribute significantly to the education sector by making teachers and student s come together and conduct 3D holographic classes.
Jio Meet – It is India’s own cloud video conferencing platform developed by Jio employees in less than 3 months. This annual general meeting was hosted on the same Jio Meet Platform. It is India’s own video conferencing app which provides virtual hangouts without any limit on time duration. It’s going to play an important role in Education & Healthcare. Jio Meet has already been downloaded by over 5 Million times on play store.
Jio Mart: JioMart is a tech-enabled partnership that will link producers, traders, small merchants, consumer brands and consumers. JioMart is an Indian online grocery delivery service, started as a joint venture between Reliance Retail and Jio Platforms. The platform has been built to digitally enable, empower and engage Kirana stores, and kiranas will stay connected and transact with their customers, facilitated by a multifunctional POS.
“Within a few weeks of launch, we have reached over 250,000 orders a day and the numbers continue to grow each day. JioMart is now focused on scaling its geographical reach and delivery capabilities. In addition to grocery, we will expand JioMart to cover electronics, fashion, pharmaceutical and healthcare in the days ahead. In the coming years, we will cover many more cities, serve many more customers across India, and expand to many more categories. We will reduce inefficiencies thereby creating more value for everyone in the retail ecosystem;”
New Android-based Operating System for Jio Phones: With the new strategic partnerships with Google, Jio and Google will be working together to build a most affordable android based operating system for 4G/5G Jio Phones. Google and Jio are partnering to build an android based operating system. India is already standing at the doorstep of 5G & this initiative will lead to 2G mukt India.
Google deal announced: Google will invest Rs 33,737 crore for a 7.7% stake in Jio Platforms, becoming the latest A-list investor in the digital unit of Reliance Industries (RIL).