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Reliance will work more aggressively with startups to promote ‘Made in India’ and ‘Made for India’.Mukesh Ambani, Chairman & MD, Reliance Industries
Due to unforeseen circumstances in energy market, Aramco deal has not progressed as planned, Ambani said. The company remains committed to our long standing relationship with Aramco, he said.
This a key chapter of the $10 billion Google for India Digitisation Fund announced earlier this week, he said.
Richest Indian Mukesh Ambani on Wednesday announced his group's digital arm Jio developing a homegrown 5G telecom solution.
"Jio has designed and developed a complete 5G solution from scratch. It will be ready for trials as soon as 5G spectrum is available and can be ready for field deployment next year," Ambani said at Reliance Industries' annual general meeting.
Jio's global-scale 4G and fibre network is powered by several core software technologies and components. "It is this capability and know-how that positions Jio on the cutting edge of another exciting frontier 5G," he said.
Jio Platforms, with over 20 startup partners, has built world-class capabilities in technologies such as 4G, 5G, Cloud computing, Devices and OS, Big Data, AI, AR/VR, Blockchain, Natural Language Understanding and Computer Vision, he said.
"Using these technologies, we can create compelling solutions across multiple industry verticals like media, financial services, new commerce, education, healthcare, agriculture, smart cities, smart manufacturing & smart mobility," he said, adding Jio Platforms is conceived with vision of developing original, captive intellectual property, using which we can demonstrate transformative power of technology across multiple ecosystems first in India, and then rest of world.
Richest Indian Mukesh Ambani on Wednesday said India's first cloud-based video conferencing app JioMeet has seen 5 million downloads within days of its launch.
Reliance Industries earlier this week launched JioMeet video conferencing app with unlimited free calling, which is being seen as rate war on rival Zoom.
JioMeet video conferencing app is available across Android, iOS, Windows, macOS and web.
Addressing the company's 43rd annual general meeting, Ambani said JioMeet has seen 5 million downloads by users within days of its launch.
Jio Platforms has built up significant technologies with 20 startup partners and is now inviting other startups for the same, Ambani said.
Jio Platforms will create a significant source of revenue from both digital and global markets, he added.
In the next three years, Reliance Jio will connect 500 million customers and over 50 million homes and businesses, Ambani said.
Google will invest Rs 33,737 crore for 7.7 percent stake in Jio Platforms, said Mukesh Ambani announcing the U.S. tech major’s strategic partnership with the company. This makes Google the 13th investor roped in by India’s largest company for Jio Platforms.
He went on to give the example of JioMeet - the tech being used to connect with the company directors for the AGM - saying it now has over 5 million users.
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