Reliance Jio to launch 5G services by Diwali in key cities, says Mukesh Ambani

India

oi-Madhuri Adnal

Mumbai,
Aug
29:
Billionaire
Mukesh
Ambani
on
Monday
said
India
stands
as
a
beacon
of
growth
and
stability
amid
global
crisis.
There
is
severe
economic
stress
in
many
parts
of
the
world,
he
said
at
his
company
Reliance
Industries’
45th
annual
shareholders’ meeting.
There
is
uncertainty
due
to
heightened
geopolitical
tensions
and
global
risks.
Amid
global
crisis,
India
stands
as
a
beacon
of
growth
and
stability,
he
said.

Addressing
the
45th
AGM,
RIL
chief
Mukesh
Ambani
said
that
Reliance’s
exports
grew
a
massive
75
percent
to
cross
2,50,000
crore.
We
accounted
for
nearly
8.4
percent
of
India’s
merchandise
exports
in
the
year,
up
from
6.8
percent
last
year.

Reliance
AGM
2022:
From
5G,
succession
plan
to
green
energy;
here’s
what
to
expect

He
said,”Reliance
has
continued
to
make
all-round
progress
across
its
businesses.
Our
company
became
India’s
first
corporate
to
cross
$100
billion
in
annual
revenues.
Reliance’s
consolidated
revenues
grew
47
percent
to
Rs
7.93
lakh
crore,
or
$104.6
billion.
Reliance’s
annual
consolidated
EBITDA
crossed
a
crucial
milestone
of
Rs
1.25
lakh
crore.
And
in
true
We
Care
spirit,
Reliance
Foundation
continued
to
benet
millions
of
people
across
the
country.”

”Jio
will
enable
India
to
become
Top
10
in
the
world
in
fixed
#broadband
adoption.
Jio
will
deploy
the
latest
version
of
5G
called
standalone
5G.”he
said.

”For
pan-India
5G
network,
we’ve
committed
Rs
2
lakh
cr
investment.
Jio
has
prepared
the
world’s
fastest
5G
rollout
plan.
By
Diwali,
we
will
launch
Jio
5G
across
multiple
key
cities.
By
Dec’23,
we
will
deliver
5G
to
every
town
of
India,”Mukesh
Ambani
said.

Mukesh
Ambani
started
his
address
by
thanking
PM
Modi
for
providing
a
roadmap
for
the
next
25
years.
On
the
economic
health
of
India,
he
said,
”
India
stands
as
a
beacon
of
growth
and
stability
amid
the
global
crisis”.