In a significant move, Mukesh Ambani, Chairman and Managing Director of Reliance Industries (RIL), inaugurated the company's 46th Reliance AGM 2023 recently. Amidst this event, Mukesh Ambani made remarkable revelations, including the eagerly awaited launch of Jio AirFiber.
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Jio AirFiber : Bridging the Digital Divide
One of the major announcements by Mukesh Ambani Reliance AGM 2023 was the launch of Jio AirFiber on September 19, coinciding with the auspicious occasion of Ganesh Chaturthi. This development aims to bring enhanced connectivity and digital access to millions across the nation.
Highlights of Reliance AGM 2023
Revolutionizing Connectivity with Jio AirFiber
Ambani emphasized that through optical fiber, the company can already connect approximately 15,000 localities daily. However, Jio AirFiber is set to revolutionize this, enabling a staggering expansion of 150,000 connections per day.
Unprecedented Investment and Growth
Mukesh Ambani proudly announced that over the past decade, Reliance Industries has invested an unprecedented $150 billion. This investment landmark highlights the company's commitment to growth and technological advancement.
Mukesh Ambani lauded JioFiber's resilience in the face of COVID-19 challenges, successfully crossing the 10 million subscriber mark. Notably, each subscriber consumes over 280+ GB of data per month, marking a substantial leap from traditional mobile data consumption.
Expanding Optical Fiber Infrastructure
Mukesh Ambani highlighted the impressive reach of Reliance Jio's optical fiber infrastructure, spanning over 1.5 million kilometers across India. This extensive presence places the company at the forefront of competition and expansion.
JioPhone 4G
Highlighting the digital divide in India, Mukesh Ambani introduced the groundbreaking JioPhone 4G, priced at just 999 rupees, significantly lower than 2G feature phones. This move aims to empower the 250 million users still grappling with limited access to digital services.
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| Photo : Akash, Anant and Isha Ambani |
Generational Leadership Transition
Reliance Industries announced the induction of Mukesh Ambani's children, Isha and Akash, along with Anant, onto the company's board of directors. This transition ensures the continuation of innovative leadership within the organization.
Chairman of Reliance Jio Platforms
While Akash Ambani takes on the role of Chairman of Reliance Jio Infocomm Limited, Mukesh Ambani retains his position as Chairman of Reliance Jio Platforms, underscoring his continued influence in the company's strategic direction.
Mukesh Ambani's announcements during the AGM reflect Reliance Industries' unwavering commitment to bridging the digital divide, expanding connectivity, and ensuring India's robust technological future. With JioAirFiber and other initiatives, the company is poised to redefine the digital landscape of the nation.
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