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Reliance 45th AGM 2022: The 45th Annual General Meeting of Reliance Industries Limited (RIL) has been held on Monday. As expected, this time Reliance Chairman and MD Mukesh Ambani made several big announcements through video conferencing.
During his speech at this 45th AGM, Mukesh Ambani gave a detailed picture of Reliance’s future roadmap.
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So let’s know how was Reliance Industries’ 45th AGM 2022 special and what important announcements were made?
Mukesh Ambani’s successful scheme
During the AGM 2022, Mukesh Ambani also gave a clear indication of his succession plan for Reliance. It was clarified that the axis of Reliance Retail was handed over to Isha Ambani and Reliance Jio to Akash Ambani. Also, Anant Ambani will be seen leading a new energy business in the coming years.
Mukesh Ambani said about this.
“At a time when a bright future beckons for Reliance, it makes me optimistic about our dynamic and talented youth. Our next generation of leaders is taking on the entire business with confidence.
Jio True 5G Rollout Date?
Reliance has also announced a definite timeline for the ‘Jio 5G’ rollout in 2022 at the 45th Annual General Meeting (AGM), which most people were excited about.
According to the company, Jio “True 5G” will be rolled out to consumers this Diwali. In the initial phase it can be offered in around 13 cities including Delhi, Gurugram, Bengaluru, Chandigarh, Gandhinagar, Ahmedabad, Mumbai, Lucknow, Hyderabad, Pune, Chennai, Jamnagar and Kolkata.
Let me tell you that the auction of 5G spectrum in the country was completed last October. Jio bagged the most 5G spectrum during the auction, with a total of 26,772 MHz of spectrum in the 700MHz, 800MHz, 1800MHz, 3300MHz and 26GHz bands. For this, the company spent Rs 88,078 crore.
Meanwhile, it is expected that Jio will make Jio True 5G available to all users in India by December 2023. We inform you that io has partnered with Qualcomm to develop 5G solutions for India.
The company said Jio will set up the world’s largest 5G network with an investment of around ₹ 2 lakh crore, in line with Reliance’s slogan – ‘We Care’.
Jio ultra affordable smartphones
At AGM 2022, Ambani also said that the company is also working with Google to develop ultra-affordable smartphones, which will be offered primarily to Indian consumers.
Isha Ambani on FMCG and JioMart + WhatsApp
At the AGM, Reliance Retail Director Isha Ambani said RIL’s retail arm will enter the fast-growing consumer goods (FMCG) segment and launch its own FMCG business this year.
Also, in a major announcement regarding JioMart, Isha Ambani said that to expand JioMart, she is partnering with WhatsApp, a popular platform owned by Meta.
Under the JioMart-Whatsapp partnership, users will also be able to use WhatsApp Pay, cash on delivery and other payment methods. Meta founder and CEO Mark Zuckerberg has also expressed enthusiasm in this regard.
Jio AirFiber – Wireless Jio 5G Network
Along with the Jio 5G rollout plan at Reliance’s 45th AGM, the company unveiled its next-generation fiber broadband service.
Yes! With this new fiber broadband service called Jio AirFiber, the telecom company will use its 5G network to provide better service than Jio Fiber.
Soon customers will be able to access wireless broadband internet through Jio AirFiber, without having to bring any kind of fiber wire to their homes.
Jio Cloud PC Services
With this cloud PC you will be able to experience computing without any heavy hardware, in simple words it will be like a virtual personal computer (PC).
The feature will use faster 5G network speeds, allowing users to stream all calculations from a remote server location.
Users can avail it without any upfront investment or pressure of frequent upgrades, just by paying as per the usage limit. This will enable all Indian households and businesses to be equipped with not just one but many Personal Computers (PCs) at very affordable rates.