Archive for October, 2015

Mukesh Ambani of the opinion that India is soon to be Digitally Revolutionized

October 26, 2015

Chairman of Reliance Industries, Mukesh Ambani launched the autobiography of a technocrat, Sam Pitroda. At the launch, he said that India is on the verge of a digital revolution.

Reliance Industries will soon be rolling out its high-speed 4G services. This venture of the company has elevated its focus on digitization.

Ambani, the richest man of the country, stated that the digital revolution will enable all the villages in the country to be connected with an optic fiber cable. He also said that India will soon have more than 1 billion mobile connections. The government has launched its ‘Digital India’ initiative, which will further boost internet usage.

Ambani feels that such measures will make India, a knowledge economy. India will become a ’smart society‘, along with becoming a ’networked society‘, he added.

Pitroda’swork

Pitroda is known as the pioneer of the telecom revolution in India that took place before the mobile phone revolution. Pitroda had fired upthe imagination of the youth and encouraged everyone with his book, ‘Dreaming Big’.

Ambani praised Pitroda’s work. He stated that digitization is the future of India, but added that its roots lie in Pitroda’s work that led to the telecom revolution. The revolution connected distant areas with fixed-line phones. Moreover, call rates were also slashed.

Ambani and Pitroda are friends since the last 30 years. He called him a philosopher, a guide, and a daring dreamer. “He saw the future and had a hand in creating it”, he further added.

Reliance Jio’s 4G launch

Reliance Jio Infocomm is preparing to launch its 4G services. The company has now decided to commercially roll out its high-speed internet services by April, 2016. It had filed a report with Bombay Stock Exchange (BSE), which mentioned that the Financial Year 2016 – 2017 would be the first year of Reliance Jio’s commercial operations.

The company had earlier planned to launch the services in December, this year. However, to offer seamless and superior experience to users, the company will delay the launch to the following year. It is preparing to establish a complete digital ecosystem in the country. It has also been in talks with many mobile phone manufacturers to make low-cost 4G-compatible devices in the country itself.

At the annual general meeting, Ambani had said that internet services will be rolled out on the company’s beta program, involving millions of customers. Reliance Jio had bought the spectrum space in September 2010. It has been talking about 4G services since 2013.

In December 2014, the company rolled out a website that gave details about Reliance Jio’s broadband plans. This year in July, Reliance Jio claimed that it has established its presence in 18,000 towns and cities and has a wireless footprint in more than 1 lakh villages. In addition, the company has spread a network of around 2.5 lakh kilometers of fiber optics.

Reliance Jio said that it will form the digital backbone of the country in the future. At present, the company is testing its complex network to provide flawless services to customers in future.

Summary

Ahead of Reliance Jio’s 4G launch, Mukesh Ambani said that India will be soon digitally revolutionized.

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Reliance Industries to appoint 1.5 Lakh Sellers for its E-commerce Business

October 19, 2015

Mukesh Ambani-led Reliance Industries Limited is planning to launch its e-commerce services. It is making in-depth preparations for its huge entry in the online industry.

E-commerce Initiative of Reliance Industries

At an analysts’ meet held at Trident Hotel in Mumbai, Reliance Industries announced its results for the July – September quarter. It then unveiled its plans of its e-commerce venture. The company stated that around 30,000 sellers will be appointed by the end of October, after which it will launch its e-commerce platform. It further said that it will register a total of 1.5 lakh small and medium vendors by the end of the Financial Year (FY) 2015 – 2016.

Reliance Industries wants to build an e-commerce platform as large as that of Amazon, Snapdeal, and Flipkart, which are making investments in billions of dollars to push their businesses. Amazon started its operations in India,in June 2013. It has enrolled nearly 50,000 vendors, while Snapdeal, which started its operations in 2012, has around 2 lakh sellers.

Through a presentation, Reliance Industries revealed that its e-commerce platform for electronic products is ready to go live. It also said that its online grocery store will be officially launched between January and March, 2016. Apart from these, the organization is also planning to roll out a professional fashion and lifestyle online marketplace. To this end, it has partnered with popular fashion brands originating from a host of countries including Singapore, Switzerland, Australia, Turkey, China, and Russia, among others. In addition to this, Reliance Industries will boost the production of its private brand as well.

Road ahead for Reliance Industries

The e-commerce market in India is bound to grow. The Boston Consulting Group and the Retailers Association of India issued a report in February, 2015 stating that the size of the e-commerce market in India, which was $17 billion in 2014 will grow to $60 – $70 billion over the next four years.

Tata Group is also planning to enter the e-commerce market, but, it won’t be easy for any offline retailer to establish a notable business in the e-commerce industry. For instance, the largest listed retailer of India, Future Group and biggest department store operators of India, Shoppers Stop, have both struggled to survive in their respective online retailing businesses.

However, the fate of Reliance Industries seems to be different. It is entering the e-commerce market after undertaking thorough preparations. It has drafted its online business plan after a lot of research and brainstorming. At present, the company runs 2,857 stores of varied formats, in more than 250 cities of India.

Reliance Industries’presentation mentioned that it has the most modern and best warehousing facilities ready, while its order fulfillment and automation tools are being tested for enhanced efficiency. It also said that the company has signed and integrated core logistics partners. In addition, for its online grocery retailing, the company already has the infrastructure, along with the fulfillment centers.

Summary

Reliance Industries Limited (RIL) will be launching its e-commerce initiative with 30,000 vendors in 2015 and enrol another 1.2 lakh by the end of March, 2016.

Reliance Jio to launch an Application Store and Customer Interface Platform

October 13, 2015

Reliance Jio Infocomm Limited, the telecom arm of Reliance Industries, is gearing up to launch its fourth-generation (4G) service by the end of 2015. It is now creating a customer interface and applications store. These two will be clubbed and offered as a single online service known as Jio World, which is itself available as an application.

Offerings of Jio World

Jio World will work as a guide to the entire online ecosystem of Reliance Jio. It will have varied applications of Reliance Jio, as well as new and forthcoming deals and updates regarding the user’s account. An executive from Reliance Jio revealedthat the Jio World service will have other information as well. It will provide the details of upcoming applications, customer’s data usage and recharge details such astime and date, among others.

To increase accessibility, Reliance Jio has put two important icons, mZone and Jio Drawer in Jio World. Almost all the services may be easily accessed through these two icons. Reliance Jio had already tested the service by making it live inAugust.

Reliance Jio’s applications

Currently, all applications of Reliance Jio are available on mstore.ril.com. The applications cannot be downloaded through thewebsite on android phones, but may be downloaded on Apple devices. However, to run the applications, users need an identification name and phone number, verified by Reliance Jio.

Reliance Jio is still testing all of its applications. These applications will later be shifted to Jio World. Only Reliance Jio customers will be able to access Jio World. Some of the applications that will run on Jio World include Jio News for live news updates, Jio Play to view high-definition television channels, Jio Beats for songs and music, Jio Drive for unlimited data and file storage on the cloud, and Jio On-Demand for movies and television shows.

The Chairman of Reliance Jio, Mukesh Ambani informed shareholders about Reliance Jio’s applications at the annual general meeting held in June. He said that Reliance Jio will not be restricted to just telecom services.Since its inception, Reliance Jio has been built with an integrated business strategy and the company will offer a unique mix of services, including telecom, digital commerce, payment, high-speed data, and media.

At present, only two applications of Reliance Jio, Jio Chat and Jio Candidate are available on the Google Play store and Apple iTunes store.Jio Chat is a messaging application, similar to WhatsApp and was launched in April, this year. It has around 10 lakh download son Google Play store.Jio Candidate is an application particularly designed for individuals willing to work at Reliance Jio.

Reliance Jio is preparing for a huge launch in December. At the time of its first-quarter results of this Financial Year, the company informed that it will offer a “unique combination of products, services, and applications on the Jio platform.”

Summary

Reliance Jio Infocomm Limited will offer an online service consisting of customer interface and application store, known as Jio World to its customers.