Today at the 43rd General Meeting (AGM), Jio announced the investment from Google on Jio Platform with Rs. 33737 Crore for 7.7% stake. Whereas, they Reliance Jio announced the new entry-level affordable 4G/5G smartphone based on Android with Google Mobile Services. This was performed online due to the current situation of Coronavirus pandemic.
Mukesh Ambani said “The Jio-Google partnership is determined to make India 2G-mukt,” Adding.
“Google and Reliance Jio are partnering to build a value-engineered Android-based smartphone operating system. Through this partnership, we can accelerate the national mission of putting a smart device in the hands of every Indian,”
“Through this partnership, we are confident that we can accelerate the national mission of putting a smart device in the hands of every Indian.”@Google #RILAGM #NayeIndiaKaNayaJosh #Jio #JioPlatforms #Google https://t.co/ci2TBtaXWT
— Reliance Jio (@reliancejio) July 15, 2020
The primary aim is to deliver a smartphone or access the internet at an affordable price across India includes 35 Crores, Indian users. Meanwhile, Jio already had a Jio Phone that was one of the most popular feature device having internet access running on KaiOS. Additiaonnly, Reliance Jio also going to bring 5G connectivity in India with utilizing the investment
“Even though we have sold over 100 million [10 crores] Jio phones… there are many feature phone users who are waiting to upgrade to a conventional smartphone, if only it were somehow more affordable. So we have decided to address this challenge,” Mukesh Ambani Statement.
Not to mention, this partnership will lead to be having access to the internet, and it also going to boost the digital economy of India. Meanwhile, it was also going to promote cashless as far as people going to use the internet frequently. Meanwhile, Google and Jio both going to include the Mobile service pre-installed on the device itself.
Everyone should have access to the internet. Proud to partner with Reliance Jio to increase access for the hundreds of millions in India who don’t own a smartphone with our 1st investment of $4.5B from the Google For India Digitization Fund: Sundar Pichai, Google CEO (file pic) https://t.co/A8LCwOxHAX pic.twitter.com/B1zNa06HDq
— ANI (@ANI) July 15, 2020
“Together, we are excited to rethink, from the ground up, how millions of users in India can become owners of smartphones. This effort will unlock new opportunities, further power the vibrant ecosystem of applications and push innovation to drive growth for the new Indian economy.” Google Addition to it “Our mission with Android has always been to bring the power of computing to everyone, and we’ve been humbled by the way Indians have embraced Android over recent years. We think the time is right to increase our commitment to India significantly, in collaboration with local companies, and partnership with Jio is the first step. We want to work with Jio and other leaders in the local ecosystem to ensure that smartphones—together with the apps and services in the Play Store—are within reach for many more Indians across the country. And we believe the pace of Indian innovation means that the experiences we create for India can ultimately be expanded to the rest of the world.”
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