LIVE Reliance AGM 2020: Jio’s Digital Empire, New Launches, Partnerships And More

“In the years to come, Reliance will create more growth engines for accelerating its diversified growth. Our growth strategy is aimed at meeting the needs of all the 1.3 billion Indians. Especially, the millions of underprivileged people, who are at the Bottom of the Economic and Social Pyramid,” Mukesh Ambani“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 believe we can design entry-level 4G… or even 5G smartphone… for a fraction of its current cost. But, to power such a value-engineered smartphone, we also need an equally value-engineered smartphone operating system…and such an operating system must be designed with India in mind.” Mukesh Ambani“Jio’s education platform, Embibe, will address the shortage of quality teachers in India. It is built on three foundational blocks: Unprecedented Personalisation, Incredible Content and Teacher Empowerment,” Isha Ambani“JIO has designed and developed a complete 5G solution from scratch. This will enable us to launch a world-class 5G service in India… using 100% home grown technologies and solutions. This Made-in-India 5G solution will be ready for trials as soon as 5G spectrum is available… and can be ready for field deployment next year.”“In the next three years, I can see a strong path for Jio to connect over a half a billion mobile customers; over a billion smart sensors; and over 50 million homes and business establishments”- Mukesh Ambani.“We became first Indian company to cross $150 Bn market capitalization. Reliance is also the first Indian company to cross INR 1 Lakh Cr in consolidated EBITDA” Mukesh Ambani.

The corporate connect of the Indian startup ecosystem is nascent, but when it comes to Reliance, the connect is too close. Reliance’s annual general meeting referred to by some as “Indian budget” has got this moniker because of the breadth of the announcements. Some even refer to the AGM as India’s version of Apple Worldwide Developers Conference.