Talking about retail, Ambani confirms that Ajio, the online e-commerce platform, contributes to 25 percent of RIL’s total apparel business. : Jio has 100 percent original IP in cutting edge new technologies such as 5G, AI, ML and relevant areas, confirms Ambani. Below lies a time-wise breakdown of all the key highlights concerning Reliance Jio and Jio Platforms at RIL AGM 2021.

He also highlighted the growth of JioMart as a strong retail grocery chain, promising the onboarding of 1 crore merchants over the next year, to digitise their services. Ambani also touched upon 5G, stating that the technology is ready for deployment, and reached 1Gbps speeds in its trial phase. It runs on Android, which has been specially optimised for it to ensure smooth usage. Among the key announcements were JioPhone Next, the new budget smartphone that Reliance Industries chairman Mukesh Ambani has promised will be the most affordable of its kind. The 44th annual general meeting of Reliance Industries has concluded, giving us a showcase of where Reliance Jio, the leading telecom operator of India, stands at the moment. (Reporting by Sankalp Phartiyal editing by Uttaresh.JioPhone Next to Sell From Sep 10, Jio 5G Achieved 1Gbps Test Speed: Highlights from RIL AGM 2021 The device costs 1,999 rupees upfront and users can pay the rest in monthly instalments. Reliance last month launched 4G device jointly developed with Google, priced at 6,499 rupees ($86), as part of a plan to woo first-time smartphone buyers. Google, which last year invested $4.5 billion in Jio's parent Jio Platforms, has also said it will help the wireless carrier with tech solutions for its enterprise and consumer offerings as it plans to launch 5G services. Jio, which counts Alphabet's Google, Facebook, Qualcomm and Intel among its backers, is confident of being the first to launch 5G services in India, Ambani said previously.Īs part of its technology push, Jio has also developed a homegrown 5G solution.

His comments come a week after a top government official said that India is planning to auction 5G airwaves early next year. 'At Jio, we are currently focused on 4G and 5G execution, and broadband infrastructure expansion.' India, the world's second-biggest telecoms market with more than a billion subscribers, must migrate from 2G to 4G and then to 5G at the earliest, Ambani, the chairman of Reliance Industries and Asia's richest man, said during the Indian Mobile Congress. NEW DELHI (Reuters) - Indian billionaire tycoon Mukesh Ambani, who controls India's biggest wireless carrier Reliance Jio Infocomm, said on Wednesday the country should prioritise the rollout of 5G telecommunications and also ensure devices become affordable.

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