When it comes to dominating and shaping the Indian market, Mukesh Ambani is a visionary business tycoon. The announcement of products and services like Jio 5G, Jio Glass, and JioTV Plus, at today’s Reliance Industries Limited’s 43rd Annual General Meeting, shows us that he’s determined to influence the global market.
Today, on July 15, 2020, Reliance Industries Limited held its 43rd Annual General Meeting. The specialty of this meeting was that it wasn’t an in-person meet. Instead, it was broadcasted entirely online.
The official channel of Jio live-broadcasted the meet on YouTube. You can still catch the glimpses of the event on other social media outlets. Mr. Mukesh Ambani has changed the pattern of these Annual Meetings.
For the last few AGMs, instead of discussing only the financial concerns of shareholders, he has been continuously speaking about innovative future goals of Reliance Jio.
With today’s 43rd AGM, he made some more exciting promises to the shareholders and Indian consumers. Mr. Ambani has stated that Reliance Jio is all geared up to offer Jio 5G Network to the Indian consumers.
Jio 5G Network is waiting for the trials, and it will be out for the public once the telecom spectrums are sold.
He also noted that Reliance Jio collaborates with the global search engine giant – Google for creating a budget-friendly 5G smartphone in the Indian market. An Android 5G smartphone with a budget-friendly price tag will create a stir in the market.
Jio 5G Network: What Other Products Were Announced at RIL 43rd AGM?
Today’s AGM of Reliance Industries was a pleasant event for not only the company’s shareholders but consumers also. Mr. Ambani has announced a few products that he expects will shape the Indian market forever and bring RIL on the top list of the global companies.
What are those products and services, though? Take a look:
Jio 5G: Reliance Jio has become a dominant player in the Indian telecom sector by throwing the old-time players like Airtel, Idea, and Vodafone. Now, the owner of the company is planning something big – 5G! With the plans for rolling out nationwide trials of Jio 5G, it will become a massive telecom giant of the Indian subcontinent.
Jio 5G Solution is ready for the trials. It will mostly be available next year after the telecom spectrums are sold. The solution is entirely made in India, as per Mr. Ambani.
Jio Glass: Right after the Jio 5G announcement, we get to know a high-tech gadget by Jio, which is Jio Glass. The product is supposed to rival Google Glass, Amazon’s Echo Frames, and Snap Spectacles.
The price should be somewhere north of 20,000. However, the official price tag and public sale aren’t announced yet.
JioTV Plus: Tired of maintaining the balance between various music and entertainment streaming apps? Well, no need to worry. JioTV Plus will become your one app that aggregates audio/video content from all the apps in a single place. You can watch movies, TV channels, shows, and music in one app. Details are yet to come out.
Investment in Reliance Jio
From the last few days, global corporations have been lining up to invest money in Reliance Industries to get the stake. Recently, Google has invested a massive amount of $4.5B in Jio Platforms for a stake of 7.73%.
The investment of global giants in Jio Platforms shows that India’s digital future is extraordinarily vibrant and bright. By bringing the internet access to the doorsteps of common Indian man, Mukesh Ambani is shaping India’s future.