RIL AGM 2022: Here are the key announcements made by Mukesh Ambani

India

oi-Madhuri Adnal

New
Delhi,
Aug
29:
Mukesh
Ambani
made
a
slew
of
new
announcements
at
the
Annual
General
Meeting
2022
including
5G
roll-out
plan
by
Jio,
ultra-affordable
5G
smartphone
in
partnership
with
Google,
and
setting
up
of
Giga
Factory
for
Power
Electronics.

Jio
to
invest
Rs
2
lakh
cr
in
5G;
rollout
in
metros
by
Diwali

Reliance
Industries
Ltd
Chairman
Mukesh
Ambani
announced
a
Rs
2
lakh
crore
investment
in
deploying
fifth-generation
or
5G
telephony
with
rollout
in
metro
cities
by
Diwali.
Jio,
the
nation’s
largest
telecom
operator,
has
deployed
standalone
5G
stack
rather
than
upgrading
the
existing
4G
network,
to
offer
ultra-high
speed
internet,
he
said
at
Reliance
Industries’
45th
AGM.

Jio
will
launch
5G
services
by
Diwali
in
metro
cities
of
Delhi,
Mumbai,
Kolkata
and
Chennai,
he
said
adding
this
will
be
expanded
to
other
cities
and
towns
in
phases
to
cover
entire
India
in
18
months
by
December
2023.

Jio
5G:
Mukesh
Ambani
announces
‘standalone’
Jio
5G
services,
launch
by
Diwali

Akash
Ambani
announces
launch
of
JioAirFiber
hotspot

Akash
Ambani,
chairman
of
Reliance
Jio,
on
Monday
announced
the
launch
of
JioAirfiber,
a
wifi
hotspot
that
will
allow
consumers
to
access
fiber-like
speeds
at
homes
and
offices.
He
said
with
the
5G
services
being
rolled
out
in
India,
the
current
800
million
connected
internet
devices
will
double
to
1.5
billion
connected
internet
devices
in
just
a
year.

Using
Jio
AirFiber,
customers
can
opt
to
use
a
virtual
PC
–
Jio
Cloud
PC.
No
upfront
investments,
no
upgrades.
A
super-affordable
way
to
bring
the
power
of
a
PC,
even
multiple
PCs,
to
every
Indian
home
and
business,
says
Kiran
Thomas,
President,
RIL.

Jio
and
Meta
collaborate
to
launch
JioMart
on
WhatsApp

Tech
giants
Meta
and
Jio
Platforms
on
Monday
launched
an
end-to-end
shopping
experience,
where
users
can
shop
from
e-cpmmerce
platform
JioMart
via
using
WhatsApp
chat.
The
new
experience
will
enable
customers
to
browse
the
JioMart
catalog,
add
products
to
the
cart
and
make
purchases
all
within
WhatsApp.

“Excited
to
launch
our
partnership
with
JioMart
in
India.
This
is
our
first-ever
end-to-end
shopping
experience
on
WhatsApp
—
people
can
now
buy
groceries
from
JioMart
right
in
a
chat,”
Mark
Zuckerberg,
Founder
and
CEO,
Meta,
said
in
a
Facebook
Post.

“Business
messaging
is
an
area
with
real
momentum
and
chat-based
experiences
like
this
will
be
the
go-to
way
people
and
businesses
communicate
in
the
years
to
come,”
he
added.

Reliance
AGM
2022:
Isha
Ambani
says
Reliance
Retail
to
launch
FMCG
business

Reliance
Retail
to
launch
FMCG
business
this
year

Reliance
Retail
will
launch
its
FMCG
business
this
year,
Reliance
Retail
Ventures
Ltd
Director
Isha
Ambani
said
on
Monday.

The
objective
of
this
business
will
be
to
develop
and
deliver
products
and
solve
every
Indian’s
daily
needs,
with
high
quality
products
at
affordable
pricing,
she
said
while
addressing
Reliance
Industries’ annual
general
meeting.
”This
year,
we
will
launch
our
FMCG
goods
business,”
she
said.

Reliance
to
set
up
Giga
Factory
for
Power
Electronics

At
the
45th
RIL
AGM,
Mukesh
Ambani,
chairman
and
managing
director
of
Reliance
Industries,
announced
a
new
Giga
Factory
for
Power
Electronics.
This
will
be
one
of
the
key
components
linking
the
entire
value
chain
of
Green
Energy
is
affordable
and
reliable
power
electronics.

“We
are
building
significant
capabilities
in
the
design
and
manufacturing
of
power
electronics
and
software
systems,
integrating
with
our
capabilities
of
Telecommunications,
Cloud
Computing
and
IoT
platform.
We
will
build
this
through
partnerships
with
leading
global
players
to
provide
most
affordable
solutions,
meeting
global
standards
of
performance,
safety,
and
reliability,”
said
Ambani
in
his
speech.

Mukesh
Ambani
on
next-gen
leaders

“Our
next-gen
leaders
are
confidently
taking
over
the
reins
across
businesses.
Akash
and
Isha
have
assumed
leadership
roles
in
Jio
and
Retail
respectively.
Anant
has
also
joined
our
New
Energy
business
with
great
zeal,”
says
Mukesh
Ambani.