Made in India Reliance Jio 5G announced by Mukesh Ambani.
At the 43rd Annual General Meeting (AGM), Mukesh Ambani-led Reliance Industries announced that the 5G network will be launched using 100% homegrown technologies.
On Wednesday, Mukesh Ambani led- Reliance Industries announced that it is going to enter the 5G segment in India. At the 43rd Annual General Meeting (AGM(, RIL’s chairman and managing director Mukesh D Ambani announced the news.
Mukesh Ambani announces 5G solution in India:
Ambani addressed the shareholders, prospective investors, media the general public and said,” Today, I have great pride in announcing that Jio has designed and developed a complete 5G solution from scratch. This will enable us to launch a world-class 5G service in India, using 100% homegrown technologies and solutions.”
Jio’s 5G solution is “made in India,” says Mukesh Ambani:
Ambani revealed that the service will be ready as soon as the 5G spectrum is available in India and by next year could be ready to be deployed in the field. Calling this a “Made in India” 5G solution, Ambani assured that the up-gradation from 4G to 5G will be easy.
Mukesh Ambani says 5G solution is dedicated to PM Modi’s Atmanirbhar Bharat vision:
Ambani claimed that after successfully setting up in India, Jio will offer the 5G network to other global telecom operators and also dedicated the launch of 5G service in India to Prime Minister Narendra Modi’s Atmarnirbhar Bharat vision. Ambani said,” Once Jio’5G solution is proven at India’s scale, Jio platforms would be well-positioned to be an exporter to other telecom operators globally as a complete managed service.”
In his address, Ambani also revealed that Google will invest INR 33.737 crores for a 7.7% stake in Jio Platforms. Reliance Jio has raised over 1.52 lakh crore from strategic partnerships with overseas investors.
