Reliance Jio Might Soon Launch the ‘Jio Home TV’ Service

April 18, 2018

Reliance Jio, the telecom entity of the Mukesh Ambani-led Reliance Industries Limited(RIL) is all set to bring about a fresh innovation in the Indian Direct-to-Home (DTH) sector, with ‘Jio Home TV,’ its new DTH service-offering. The Jio Home TV service would provide Standard Definition (SD) channels at a price of INR 200 per month and SD along with High Definition (HD) channels at a monthly rate of INR 400, as per a report by TelecomTalk. It is said that the Jio Home TV service would operate on the principle of the Enhanced Multimedia Broadcast Multicast Service (eMBMS), which Reliance Jio has been testing for quite some time now. The telecom venture had apparently confirmed that it was working on the pan-India testing of this technology last year, in the third quarter report of RIL.

 What is eMBMS technology and how will it prove beneficial?

The eMBMS is a hybrid technology, which mixes the capabilities of radio architecture and television channel, to create an adaptable solution for offering HD content in huge volumes. It combines various broadcasting techniques, commonly used in radio broadcasts and telecasts on television, with the purpose to improve the scalability of the broadcast, through a one-to-one plan adopted by telecom players. The biggest benefit of this technology is that the users need not be connected to the internet on their devices, to access the content. This is because most of the content would be placed for offline access, in the broadcast mode.

 A possibility of rebranding JioBroadcast with the name ‘Jio Home TV’

In connection with the testing of the eMBMS technology, Reliance Jio, primarily for the testing purpose had an unreleased app named JioBroadcast, on the Google Play Store. According to JioBroadcast’s description, it provided streaming of HD quality on Jio Long-Term Evolution (LTE) devices. However, this app has now been removed from the Google Play Store, which indicates a possible launch of the ‘Jio Home TV’ service. In all possibility, the Jio Home TV service could be a rebranding activity of the earlier conceived JioBroadcast service.

A key feature to watch out for in the Jio Home TV service offering

The Jio Home TV service is expected to be India’s one-of-its-kind broadcast technology, wherein the users would not need an internet connection or to access 200 television channels on their devices.

The possible way forward for Reliance Jio with the Jio Home TV

Although there is no clarity if the Jio Home TV service would replace JioDTH, if launched, the Jio Home TV service would be Reliance Jio’s primitive step in entering the broadband and television spaces.

Reliance Jio’s announcement of the pre-4G/5G technology

Earlier in April 2018, during the ongoing Indian Premier League (IPL) 2018, Reliance Jio had made an announcement of deploying massive MIMO pre-4G/5G technology at the Feroz Shah Kotla Stadium, Delhi and the Wankhede Stadium, Mumbai, to enhance customer experience during IPL 2018, by providing internet access of high speed.

Summary

Reliance Jio’s ‘Jio Home TV’ service might launch soon. It would provide SD channels at a monthly rate of INR 200 and SD+HD channels at a price of INR 400 per month.

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Reliance Jio Enters into a Partnership with Sodexo to Speed up the Digital Transformation of India

April 13, 2018

Reliance Jio Infocomm Limited, the telecom entity of the Mukesh Ambani-led Reliance Industries Limited (RIL), has entered into a partnership with Sodexo, a leading global management services company offering services such as benefits and rewards to employees of corporate organizations. This collaboration was announced on Thursday, April 12, 2018. The core objective of this partnership is to boost the digital transformation of India. Under this partnership, both Reliance Jio and Sodexo will build an enhanced digital ecosystem for the people of India.

Details about the partnership between Reliance Jio and Sodexo

Reliance Jio and Sodexo have collaborated for mobile wallet services. This collaboration involves an integration of the Prepaid Payment Instrument (PPI) digital wallet provided by Jio Payments Bank Ltd, JioMoney with Sodexo Meal Cards. This integration will allow the JioMoney account users to make mobile-based payments with the help of the Sodexo Meal Card. With this partnership, countless merchants of Sodexo such as cafes, restaurants, kirana stores, and grocery shops across India will be able to receive digital payments through Sodexo.

Another important highlight of this partnership is that in order to make fast payments while on-the-go, the Sodexo Meal Pass, the proprietary meal benefit solution offered by Sodexo, can be linked to the JioMoney mobile application (app). This will be an added online transaction for the JioMoney users all over India.

The good news for consumers is that they need not carry the physical card of Sodexo to purchase non-alcoholic beverages and food. They can start transacting just by adding the balance of the Sodexo Meal Card to the JioMoney mobile app.

The JioMoney solution has already commenced in Mumbai. Over a period, this solution will be integrated at all merchants, who accept Sodexo across India.

Opinions of important people associated with the Jio-Sodexo partnership

The Business Head of JioMoney, Anirban S. Mukherjee, stated that this partnership will further Reliance Jio’s initiative to help every Indian live the digital life whole-heartedly, by providing the nation with the benefits of constantly changing digital technologies. Mukherjee further stated that this integration would offer new online transaction options and convenience for the users of both JioMoney and Sodexo, all over the country. He concluded by stating that going forward, both Jio and Sodexo will complement each other by developing synergies, leveraging their core strengths, and thereby expanding their presence and reach in the nation’s booming digital ecosystem.

The Chief Executive Officer (CEO) of Sodexo Benefits and Rewards India, Stephane Michelin, stated that at Sodexo they continually make efforts to improve the consumer experience by increasing the ways of using the Sodexo Meal Card in their proprietary network. Michelin added that Sodexo has always focused on enhancing the retail experience of their three million daily users. He further stated that through this collaboration, the mobile point of sale (mPOS) system offered by JioMoney, would help to divide the non-food and food products among the smaller and standalone merchants. He concluded by stating that this segregation will help sustain Sodexo’s position as India’s compliant meal benefit solution.

Summary

Reliance Jio enters into a partnership with Sodexo. This partnership is to boost the digital transformation of India by integrating JioMoney with Sodexo Meal Cards.

Reliance Jio Collaborates with Google India to Introduce a Bundled Offer

April 11, 2018

Reliance Jio, the telecom division of the Mukesh Ambani-led Reliance Industries Limited (RIL) has collaborated with Google India to launch a bundled offer on its JioFi router. The objective of this association is to bundle Google India’s home devices along with the data services provided by Reliance Jio. The current price of the router is INR 999, which can be bought free of cost through a bundled offer in association with Google.

About the JioFi device

The JioFi router, priced at INR 999 offers a variety of customer-friendly features. It is a portable, ‘on the go’ device, wherein the customers can upload at a maximum speed of 50 Mbps and download at a speed of 150 Mbps. It has a long battery life, which supports five to six hours of surfing on a continuous basis. The other key features provided by the device include 4G data on 2G/3G smartphones, HD voice calls, and video calls.

Google India launches voice-activated speakers

Google India has recently introduced its ‘Google Home Mini’ and ‘Google Home’ smart speakers in the country. These are voice-activated speakers offering a host of features. These speakers can help people to plan their daily schedule, play videos and songs, and assist them with their commute, along with various other interesting facilities. The Google Assistant-powered Home Mini is priced at INR 4,499, while the price of the Google Assistant-powered Home smart speaker is INR 9,999. In the initial phase, the customers can purchase these speakers by logging on to Flipkart. The offline sales in more than 750 retail stores will start in a few days.

Details about the bundled offer

While purchasing a Google Home or Home Mini speaker, from the Reliance Jio and Reliance Digital offline stores, the customers will be given the JioFi router, free of charge. Moreover, the customers, on their JioFi number have the eligibility to avail of free 100GB 4G data. This offer is valid until April 30, 2018.

How customers can get the benefits

To avail of the data benefits, customers have to do a minimum recharge of INR 149 on their tariff plan. Customers, who are members of Jio Prime, and have done the minimum recharge, will be given free data of 100GB, in the form of 10 vouchers in their MyJio account, wherein each voucher will comprise of a 10GB data benefit. The data benefit will have a validity of one year from the activation date.

Additional offers from Google

Customers can avail of a 10 percent cashback while purchasing the Google Home smart speakers through their HDFC credit cards. This cashback offer is valid on purchases made on offline as well as online channels. Additionally, Google is also providing free subscriptions for a period of six months, until October 31, 2018. These free subscriptions are being offered on Google Play Music, Gaana Plus, and Saavn Pro. By buying a subscription on Gaana and Saavn with a token amount of INR 1, customers can enjoy extended ad-free services for a period of one and a half years.

Summary

Reliance Jio ties-up with Google India to launch an offer, to bundle Google’s recently launched home devices with Reliance Jio’s data services.  

Various Prepaid Recharge Plans by Reliance Jio, Priced up to INR 500

April 4, 2018

Reliance Jio, the telecom entity of Mukesh Ambani’s Reliance Industries Limited (RIL), had announced that the company will extend Jio Prime benefits to current subscribers for a year for free. This announcement was made during the commencement of the financial year 2018-19. In a press release issued on Friday, 30th March 2018, the telecom venture stated that the Jio Prime members had enjoyed superior quality service at affordable rates during the last one year. Analysts are of the opinion that a strong pricing approach of high-speed data along with free benefits provided by Reliance Jio will keep the telecom sector in an extremely competitive mode.

Popular prepaid recharge plans up to INR 500

Reliance Jio has kept most of its prepaid plan offerings the same in terms of pricing. The company offers a range of recharge plans up to INR 500. The benefits provided under these vary according to the price range.

The most economical prepaid recharge plan offered by Reliance Jio is the INR 98 plan. As per the company website, this is the only one listed under the ‘most affordable plans.’ It comes with a 28-day validity period. Under this plan, customers are provided with 2 GB data along with unlimited calls and other benefits.

Reliance Jio’s INR 149 prepaid recharge plan has a validity period of 28 days. It provides 1.5 GB data on a daily basis, which means that it offers a total of 42 GB high-speed data, along with voice and SMS benefits.

The prepaid plan charged at INR 349 provides 1.5 GB data per day. It has a 70-day validity period, which means customers can enjoy a total of 105 GB high-speed data in all.

The INR 399 prepaid plan has a validity of 84 days. It offers 1.5 GB data on a per-day basis and hence offers 126 GB data over the course of 84 days.

The INR 449 prepaid pack comes with a validity period of 91 days. With a daily average of 1.5 GB data, it offers 136 GB high-speed data during the 91-day period.

Reliance Jio offers an INR 198 prepaid recharge plan, which provides 2 GB data per day, and comes with a validity period of 28 days. The total data offered by this plan is 56 GB.

The INR 398, 2 GB per day plan, has a validity period of 70 days, and it provides a total high-speed data of 140 GB data during this period.

The recharge pack of INR 448 has validity tenure of 84 days. With 2 GB data per day, this plan offers 168 GB of data, during the 84-day period.

The INR 498 prepaid recharge plan is valid for a 91-day period. With 2 GB per day, this plan offers 182 GB over the entire period.

Reliance Jio’s INR 299 prepaid recharge plan is the only one offering 3 GB data per day, for a validity of 28 days. It offers 84 GB data in all.

Summary

Reliance Jio offers a wide range of prepaid recharge plans priced below INR 500. Each plan differs in terms of the validity period and benefits offered.

Reliance Jio Acquires a Great Share of Data Traffic on its Network

March 28, 2018

Reliance Jio, a subsidiary of Reliance Industries Limited (RIL), has recently boosted its market share by 580 basis points. A single basis point is a one-hundredth part of one percentage point. This share reflects on the fast growth of the Long Term Evolution (LTE) mobile network operator, especially given the low base from where it began its journey, the share of active Reliance Jio subscribers stood at 7.8 percent as of March 2018.

Apart from making, and continually improving, the telecom brand’s hold in the subscriber market share, Reliance Jio is also making its mark with better wallet shares. Although the tariffs for different plans are reducing, the telecom firm has managed to enjoy a substantial share with its customers, which use two or more mobile connections.

Wallet share and revenue factors

By generating high levels of data traffic on its network, the company is doing well on the wallet share count. Indicating Jio’s good performance, JPMorgan India analysts said that incumbents should do much more to be the customer’s data SIM choice. In their note dated 22nd January 2018, the multinational financial services company’s analysts also said that the telecom operator may have established its stronghold well, by being the preferred SIM for a major chunk of its user base.

Additionally, on the revenue side, Jio appears to be doing well. As per an analyst from an Indian institutional brokerage firm, Jio may turn out to be the second largest firm in the telecom sector, with regards to its revenue in the current quarter. This also shows that the active subscriber share is no longer as significant in the telecom environment, as it was in the previous years.

Wireless broadband subscriptions

A few analysts also noted that it made sense to closely observe trends in wireless broadband subscriptions. Looking at such patterns will help operators understand the backdrop of revenue versus subscriber share better. Another area to look out for is broadband customers’ accounts, to achieve greater Average Revenue Per User (ARPU), which is the other segment that all telecom companies want to grow in.

All traffic data indicates that Reliance Jio is heading the industry in this regard as well. During this fiscal year, the company has acquired 59.7 million users so far. In addition to this, the operator’s share in the field of wireless broadband has also been at 46.8 percent in the month of January, which grew from 42.2 percent in the month of March last year.

Some analysts directed attention to the fact that Jio’s new growth in January may be thanks to its feature phone’s sales. This is a budget feature phone designed to support 4G VoLTE, available at a price of INR 1500.

Once the results for the March quarter are out, the market share of various telecom operators will be easier to understand. At the present, Jio continues to grow in terms of data traffic and revenue.

Summary

Reliance Jio has generated a great amount of data traffic on its network, increasing its subscriber market share by 580 basis points.

Reliance Jio Launches JioFi JMR815 4G LTE Hotspot Device

March 21, 2018

Mukesh Ambani led Reliance Jio, the telecom arm of Reliance Industries Limited (RIL) has launched a new 4G Long Term Evolution (LTE) hotspot gadget on Tuesday, 20th March. The newly launched hotspot device, known as ‘JioFi JMR815 4G LTE’, can be purchased at a price of INR 999 and offers a download speed of 150Mbps.

Launch offers associated with JioFi JMR8154G

There are quite a few launch offers which customers can avail of while purchasing the JioFi JMR815 4G LTE hotspot device. This newly launched hotspot gadget is listed on Flipkart, the popular e-commerce retail store. However, this product has not yet been listed on Reliance Jio’s official e-commerce store, which is an indication that the device is available exclusively on Flipkart. While purchasing this device from Flipkart, customers could avail of a flat discount of five percent on purchasing the device through an ‘Axis Bank Buzz’ credit card. This device has a replacement policy of 10 days. There is a one-year warranty for the device and a six-month warranty for accessories.

Speed and manufacturing details

The core highlight of the new JioFi device is that it delivers upload speeds of 50Mbps and download speeds of 150Mbps. With a view to acquiring more customers, Reliance Jio has always committed to being a part of the ‘Make in India’ program. Hence, the telecom service provider continues to follow this practice with this recently launched JioFi device as well. The JioFi JMR815 4G LTE hotspot device has the tag of ‘Designed in India’ displayed on the back, which signifies that the device has been manufactured locally in the country.

Design and user-connectivity details

An interesting point of observation is that the design of this new device looks quite different in comparison with the original JioFi. The original JioFi device is egg-shaped; however, the new device has a circular shape. The new device comprises of physical buttons for power off and on. Moreover, there is a separate key for Wi-Fi Protected Setup (WPS). The device also features notification lights for Wi-Fi signal strength, 4G, and battery. An integral feature related to user connectivity is that the new JioFi device helps connect 32 users at one time, that too to a high-speed data network. This works in such a way that one user can connect to the device through a USB, while all the other users can connect through Wi-Fi. Users can make video calls and HD voice calls through their Jio 4G Voice app available on their smartphones, once they are successfully connected to the JioFi device.

Specifications

JioFi JMR815 features an ALT3800 processor and supports FDD-Band 5, Band 3, and TDD-Band 40. This device comes with a microSD card slot, with the help of which the storage can be extended to 64GB. Another key specification is that this device is backed by a battery of 3000mAh, which offers a backup of up to three and half hours. The device is available only in black and comes with an adapter, battery, manual, warranty card, and Mi-Fi data card.

Summary

Reliance Jio launches JioFi JMR815 4G LTE hotspot device at INR 999 with launch offers on Flipkart. The device offers an upload speed of 50Mbps and download speed of 150Mbps.

Reliance Retail Buys a 16 Percent Stake in US-Based KaiOS Technologies Inc.

March 14, 2018

Reliance Retail, the electronics and consumer goods wing of Mukesh Ambani-led Reliance Industries Limited (RIL), recently acquired a 16 percent stake in KaiOS Technologies Inc. (KTI) for a cash amount of USD 7 million. KaiOS is the US-based software developer of RIL’s famous JioPhone.

RIL’s announcement about the acquisition

RIL had stated in a notice addressed to the Bombay Stock Exchange (BSE) that its electronics and consumer goods company, Reliance Retail (RRL), had purchased 19,04,781 shares of KaiOS Technologies Inc. (KTI). They were purchased at a price of USD 3.675 per share for cash amounting to USD 7 million, which translates to KTI’s equity stake of 16 percent on a totally diluted basis. The company further stated that this investment is to give RRL’s current investments in the business of economical digital devices and the digital initiatives of RIL and its subsidiaries a potential boost.

Way forward

RIL looks at the investment in KTI as a key step for RRL to have superior control over JioPhone’s software. As JioPhone is India’s only 4G VoLTE feature phone, its success is of utmost importance to Reliance Jio Infocomm, RIL’s telecom wing. The flagship telecom brand Jio has already secured more than 160 million customers and has plans to add more users on an instant basis while competing with some of the leading telecom players in the industry.

How the investment benefits KTI

KTI, a US Delaware-registered organization is an early stage company with revenue of USD 2.5 million in 2016 and USD 9.25 million in 2017. After this investment by RRL, the company has a value of USD 44 million.

RRL’s products and association with KTI

RRL operates Reliance Digital, Jio stores, and Reliance Digital Express Mini. It also sells the well-known JioPhone. Apart from electronics, it runs a chain of supermarkets, specialty stores, wholesale cash and carry stores, and neighborhood stores. KaiOS, KTI’s software is created on the back of Firefox OS and is available as an open source. This software is at the center of the JioPhone.

The growth of JioPhone

JioPhone is being effectively sold free of cost. The customers have to make a payment of INR 1,500, which is refundable after a period of three years. However, in order to avail of the refund, customers have to recharge with a minimum amount every month. With JioPhone, customers can stream live content on TV and browse through various Jio applications such as music and cinema. All these features have made JioPhone one of the most preferred mobile devices among non-smartphones. It emerged as the leading feature phone brand in the quarter from October-December 2017 in terms of shipments. As per Counterpoint Research, JioPhone had acquired a market share of 27 percent because of the massive volumes it shipped during the last months of 2017.

Summary

Mukesh Ambani owned Reliance Retail buys a 16 percent stake in US-based KaiOS Technologies Inc. for a cash amount of USD 7 million.

RIL Plans to Spend INR 1.3 Trillion on Reliance Jio, Reliance Retail, and Energy

March 7, 2018

Over the past couple of months, Mukesh Ambani owned Reliance Industries Limited (RIL) has planned to invest a total of INR 1.3 trillion across five different states in India. This amount will be directed towards their non-energy business.

The reason behind the investments

RIL executives declared that this step highlights the company’s seriousness in taking up more opportunities in retail and telecom. An RIL employee said that the consumer-facing sector is significant to the company and the recent investment commitments underline this fact. He also specified how it was a great opportunity for the business.

Starting from January 2018, RIL has committed investments worth INR 60,000 crore in Maharashtra, INR 52,000 crore in Andhra Pradesh, INR 5,000 crore in West Bengal, INR 10,000 crore in Uttar Pradesh, and INR 2,500 crore in Assam. A majority of these investments are going into the telecom segment, Reliance Jio, followed by Reliance Retail and energy.

Investments in the states of West Bengal, Assam, and Uttar Pradesh are directed towards bolstering Reliance Jio’s infrastructure and network in these areas. They will also be aiming to build up the optical fiber network, broaden the company’s retail network, and set up an electronics manufacturing center for smartphones, television sets, and set-top boxes.

What experts have to say

Speaking about RIL’s investments, Piyush Nahar, Somshankar Sinha, and Pratik Chaudhuri of Jefferies India noted that RIL had invested around USD 53 billion in several businesses that were part of industries such as wireless telecom, shale gas business, retail outlets, and real estate in the United States.

A foreign brokerage analyst said that RIL’s investments in the five Indian states were conceptual and may not imply actual capital expenditure. He said that the amount would depend on a more detailed evaluation of the individual projects. However, he maintained that RIL has been finding new avenues to invest, in general. Other analysts also expect that RIL may see substantial cash flow from the upcoming fiscal year to back these investments.

What this means for RIL’s business

Probal Sen, an analyst at IDFC Securities, said that RIL has constantly acquired access to funds at over sovereign ratings for its plans in investing across different sectors. He also believes that this will not change in the near future and forecasted the business to generate estimated cash profits of about INR 2 trillion in the course of Financial Year (FY) 2018-20. He noted that RIL chooses to balance funding with lesser debt costs as compared to equity, which rests at higher costs than debt costs, thanks to its greater credit rating. Adding that RIL’s debt to equity ratio remains at 0.7-0.8, he said that it was a comfortable ratio for a business of its size.

In January this year, Mukesh Ambani led RIL has mentioned that its capex cycle is completed for its energy business, and the benefits would be generated from FY 2019 onwards.

Summary

Reliance Industries Limited (RIL) has declared its intent to invest INR 1.3 trillion in five Indian states. These funds will be directed towards Reliance Jio, Reliance Retail, and energy businesses.

Reliance Jio Collaborates with Samsung to bring IoT in India

February 28, 2018

Reliance Jio, the telecom brand of the Mukesh Ambani -led Reliance Industries Limited (RIL) is set to bring the Internet of Things (IoT) to India in collaboration with Samsung, the Korean tech giant. This partnership, which had commenced last year, entered in its next phase at the 2018 Mobile World Congress.

Partnership between Jio and Samsung 

The key point of discussion at the recently held 2018 Mobile World Congress was that Jio and Samsung will collaborate to deploy a cellular IoT network all over India. Both companies have mutually agreed to take their collaboration to the next stage by bringing the Long-Term Evolution (LTE) coverage to 99 percent of the country’s population by Diwali 2018. The vision behind this is to contribute towards the improvement of the network capacity across India.

Establishment of the Narrowband Internet of things (NB-IoT) 

Jio and Samsung together have already established the NB-IoT in February 2018. Their mutual goal is to roll out the nation’s first IoT network having new use cases targeted towards enterprises as well as consumers. The new use cases will have applications like security, smart metering, surveillance, vehicle tracking, smart appliances, and more.

NB-IoT—features and usability   

As a Low Power Wide Area Network (LPWAN) radio technology, NB-IoT allows a varied range of services and devices to be connected using mobile telecom bands. The NB-IoT network utilizes the existing Jio-owned spectrums. A simple software upgrade to the already-installed base stations can also enable it.

Jio’s approach 

The President of Reliance Jio Infocomm, Jyotindra Thacker stated that it is a top priority to ensure that everyone benefits from mobile broadband, which is affordable and widely available. Thacker said that Jio will once again collaborate with Samsung to offer a plethora of innovative services to all customers. Thacker explained that Jio currently has a subscriber base of 160 million across the country. He concluded by stating that the company is deploying approximately 8,000 to10,000 towers on a monthly basis.

Key people’s view of the launch and partnership

Talking about when Jio would roll out IoT in the country, the Senior Vice President of Technology at Jio, Tariq Amin stated that an entire ecosystem has to be created before the rollout. Amin emphasized that instead of doing a city-by-city launch, the company would do a pan India launch. He further stated that the company is waiting for the IoT platform’s maturity and not for network readiness.

The President and Head of Networks Business at Samsung Electronics, Youngky Kim expressed delight on contributing towards Jio’s rapid growth and success story. Kim said that Samsung, as a company, has been striving to provide the best experience to all the subscribers of Jio. Kim further stated that Jio’s LTE network will play a pivotal role in unlocking IoT’s potential and assure a much more safe and convenient environment for the customers.

Summary

Mukesh Ambani owned Jio collaborates with Samsung to bring IoT in India and take LTE to 99 percent of India’s population by Diwali 2018.

Reliance Industries Limited Plans a ‘4th Industrial Revolution’ in Maharashtra

February 21, 2018

On Sunday, Feb 18, 2018, Mukesh Ambani, Chairperson of Reliance Industries Limited (RIL), revealed his plans for the ‘Fourth Industrial Revolution,’ which he intends to launch in Maharashtra. This initiative will be backed by an INR 60,000 crore investment and will see a coalition of more than 20 multi-national corporations.

The vision

Ambani believes that this ambitious plan will help with the success of his flagship Jio Movement and will also take forward his enterprising plans for a New Maharashtra, and in turn, a New India. RIL intends to set up an ‘Integrated Industrial Development Area’ in Maharashtra over the upcoming ten years, which is a first-of-its-kind initiative in the nation.

Maharashtra will be the center of activity

The company plans to make the state of Maharashtra the founding place and the cradle of the country’s Fourth Industrial Revolution. This will merge the disruptive technologies from digital, biological, and physical spheres. Ambani echoed this sentiment in the global investors’ conclave, ‘Magnetic Maharashtra: Convergence 2018’, which was inaugurated by Prime Minister Narendra Modi. In his address, Ambani noted that the setup of an integrated industrial area will make Maharashtra more magnetic and transform our society and the world as a whole in unexpected ways.

Collaboration by global companies

A number of global companies will co-invest in RIL’s mega project. These include familiar names such as Siemens, Corning, Cisco, HP, Dell, Nvidia, and Nokia. Their agreement for investment reflects on the fact that companies around the globe are working on harnessing Robotics, Blockchain, Artificial Intelligence, Internet of Things, Life Sciences, New Materials and New Sources of Energy, Next-Generation Virtual and Augmented Reality, and similar futuristic technologies. India, too, must catch up on this race and take up the role as a global leader, Ambani stated.

How it affects the state and country

The Industrial Revolution 4.0 will aid Maharashtra and India in resolving tough challenges that they are currently experiencing. Among these, high-priority concerns are increasing agricultural production, improving water and environmental security, socio-economic development in education and healthcare, generating employment opportunities for the people of the state and country, and making cities, villages, and towns SMART.

Mumbai, the ‘janmabhoomi’ and ‘karmabhoomi’

Describing Mumbai as the birthplace of RIL, Mukesh Ambani spoke about how the city is also his own workplace, where the company was first established by his father, late visionary Dhirubhai Ambani, with an initial investment of just INR 1,000 and a single employee.

At present, RIL has more than 350,000 employees and is the biggest wealth creator in India, Ambani observed. He also said that the company invests in our country’s Big Dreams, which involve building futuristic businesses by teaming up with new and young Indian talent. Till date, RIL has invested a whopping INR 250,000 crore in India. Of this amount, INR 22,000 crore, which is the highest share, came to Maharashtra.

Summary

Reliance Industries Limited will be launching the ‘Fourth Industrial Revolution’ in Maharashtra with an INR 60,000 crore investment.