Reliance AGM Meeting 2020 LIVE Updates: Google to in.. for a 7.7% stake in Jio Platforms, says Mukesh Ambani – Firstpost

New Energy business is a multi-trillion dollar opportunity for India and the world: Mukesh Ambani

Highlighting on the multi-trillion dollar opportunity that the New Energy business offers,  Reliance Industries chairman and managing director Mukesh Ambani at the 43rd AGM of the company says, “We have a 15-year vision to build Reliance as one of the world’s leading new energy and new materials company. The New Energy business is a multi-trillion dollar opportunity for India and the world.”

Reliance committed to embracing new technologies to convert CO2 into useful products, says Mukesh Ambani

Talking about the efforts to create a clean world, Reliance Industries chairman and managing director Mukesh Ambani at the 43rd AGM of the company says, “The first three Industrial Revolutions based on fossil fuels disturbed the natural Carbon Cycle on Planet Earth. The Fourth Industrial Revolution has the opportunity to repair and restore the Carbon Cycle.”

“It is imperative that the energy industry adopts a clean, circular, sustainable and planet-friendly model that delivers green and affordable energy to all the 7.8 billion people on the planet,” says the Reliance Industries CMD.

“Reliance is committed to embracing new technologies to convert CO2 into useful products and chemicals. Transforming our energy business to tackle a big challenge before India and the World is our new growth opportunity,” he says. 

“Substantial progress has been made on photosynthetic biological pathways to convert CO2 emissions at Jamnagar into high value proteins, nutraceuticals, advanced materials and fuels. Reliance also has proprietary technology to convert transportation fuels to valuable petrochemical and material building blocks. Also, it will replace transportation fuels with clean electricity and hydrogen,” says Mukesh Ambani.

During lockdown, RIL enhanced petrochemical and fuel exports over 2.5 times in just two weeks, says Mukesh Ambani

Referring to the global challenges posed by COVID-19 and other impediments to the energy sector, Reliance Industries chairman and managing director Mukesh Ambani at the 43rd AGM of the company says, “During lockdown, RIL leveraged its deep understanding of global markets and enhanced petrochemical and fuel exports over 2.5 times in just two weeks. In Apr’20, the O2C business accounted for nearly 50% of India’s exports.”

Reliance Retail India’s largest and most profitable retail business: Mukesh Ambani

“Reliance Retail is India’s largest and most profitable retail business, with revenues of ₹1,62,936 cr and EBITDA of ₹9,654 cr. It is the fastest growing retailer in the world, and only Indian co in the Top 100 global retailer,” says Reliance Industries chairman and managing director Mukesh Ambani at the 43rd AGM of the company.

Jio-Google partnership is determined to make India 2G-mukt, says Mukesh Ambani

Sharing more details on Jio’s partnership with Google, Reliance Industries chairman and managing director Mukesh Ambani at the 43rd AGM of the company says, “Google and Jio are partnering to build an Operating System that could power a value engineered, entry-level 4G/5G smartphone. The Jio-Google partnership is determined to make India 2G-mukt.”

Facebook and Jio share strong vision for digitally empowering consumers, says Mukesh Ambani

Elaborating on Jio’s partnership with Facebook, Reliance Industries chairman and managing director Mukesh Ambani at the 43rd AGM of the company says, “Facebook and Jio share a strong vision for digitally empowering consumers as well as SMEs and entrepreneurs across India.”

JioMeet India’s most-secure and cost-effective video conferencing platform, says Isha Ambani

Talking about the Jio Meet platform, Isha Ambani, director at Reliance Jio Infocomm and Reliance Retail says, “JioMeet is India’s most-secure and cost-effective video conferencing platform. It is designed to address real life scenarios and solve some of the key challenges of our time.” 

“At Reliance and Jio, we are committed to digital healthcare in a big way, and it comprises of three core pillars: Jio 4G mobile network and JioFiber broadband, JioMeet platform, and JioHealthHub platform. With Jio Health Platform we are integrating the overall healthcare ecosystem to enable people to book online consultations, securely store and share health records, book lab tests and avail various other healthcare services,” she says.

“Jio’s education platform, Embibe, will address the shortage of quality teachers in India. It is built on three foundational blocks: Unprecedented Personalisation, Incredible Content and Teacher Empowerment,” Isha says.

Jio Glass making teachers and students come together in 3D virtual rooms

Giving details on Jio’s latest innovation Jio Glass and its impact on the education scenario in the country, Kiran Thomas – President, Reliance Industries Limited, and Director – Jio says, “Jio’s latest innovation, Jio Glass, is at the cutting edge of technology that provides best-in-class Mixed Reality services to give users a truly meaningful immersive experience. Jio Glass is making teachers and students come together in 3D virtual rooms and conduct holographic classes through our Jio Mixed Reality cloud in real-time. With Jio Glass, the traditional way of learning Geography will now be History.”

Jio Platforms with over 20 start-up partners, has built world-class capabilities in technologies, says Mukesh Ambani

Going deeper on the role of Jio Platforms in the times to comes and its achievement so far, Reliance Industries chairman and managing director Mukesh Ambani at the 43rd AGM of the company says, “We have fully kickstarted five accelerators of growth of digital connectivity: Mobile broadband, JioFiber, Jio’s enterprise broadband, broadband for SMEs, and Jio’s Narrowband Internet-of-Things (NBIoT). In the next three years, Jio will connect half a billion mobile customers, a billion smart sensors and 50 million home and business establishments.”

“Jio’s global-scale 4G and fiber network is powered by several core software technologies and components. It is this capability and know-how that positions Jio on the cutting edge of another exciting frontier. Jio Platforms is conceived with vision of developing original, captive intellectual property, using which we can demonstrate transformative power of technology across multiple ecosystems – first in India, and then rest of world. Jio Platforms, with over 20 start-up partners, has built world-class capabilities in technologies such as 4G, 5G, Cloud computing, Devices and OS, Big Data, AI, AR/VR, Blockchain, Natural Language Understanding & Computer Vision,” he said.

Jio Platforms can lead change in the world in the next 8 decades, says Mukesh Ambani

Elaborating on Jio’s purpose and ambition, Reliance Industries chairman and managing director Mukesh Ambani at the 43rd AGM of the company says, “Our world will change more in next 8 decades than it did in last 20 centuries. India can lead this change if its enterprises are empowered with necessary tech infrastructure and capabilities.”