Chairman of Reliance Industries, Mukesh Ambani announced that the new operating system is going to develop the new affordable smartphone. Mukesh Ambani has Also declared his plans to launch an entrance level 4G or 5G cell phone for Indian clients, for which it needs Google to design an Android-based operating system. He also declared Reliance Industries’ purpose to become net-carbon-free by 2035. A Jio-Google association, Jio Glass, a new Android operating system, and the objective to be without carbon by 2035 were a portion of the principle declarations made by Reliance Jio chairman, Mukesh Ambani, during the recent Annual General Meeting (AGM).
Ambani reported plans to build Reliance Jio’s entry-level 4G or even a small amount of its current spend of 5G cell phones. Google will help Jio on the product side by building an Android-based cell phone operating system aimed at making India a ‘2G mukt‘. However, the market does not appear to be upbeat due to a nearly 4% drop in the share cost of Reliance Industries after the AGM. Jio Platforms and Google have gone into a commercial agreement to mutually create an affordable entry-level smartphone with enhancements to the Android operating system and Play Store. The organization claims that it will reconsider the entire process starting from the initial stage. The new activity targets the major portion of cell phone owners in India.
Here are some primary declarations from Reliance Industries’ AGM
- Reliance Industries becomes net-carbon free
In a limited capacity for a few months, we have taken the record measurement capital and produced a few new strategic organizations,” said Ambani.
- The new association with Google for $4.5 billion
Today we have confirmed a coupling association and investment deal with Google under which Google will contribute ₹33,737 crores for a 7.7% stake into Jio Platforms,” said Mukesh Ambani.
- India’s biggest-ever rights issue complete
“We completed India’s largest-ever 53,124 crore rights issue. It was the world’s largest rights issue by non-financial organizations in the previous 10 years. It was oversubscribed 1.59 times. It was finished perfectly on an online platform during the lockdown time,” said Ambani
Ambani said, “Jio and Google are collaborating to develop an Android-based cell phone operating system,” clarifying that India has to build a ‘2G mukt’.The CEO of Google, Sundar Pichai also addressed in the Reliance Annual General meeting, certifying the significant collaboration of the tech organization in India with Jio Platforms. Mr. Sundar Pichai, CEO of Alphabet and Google said, “The Jio platform and Reliance Industries, in particular, are a good deal for India’s digital transformation. The scale and pace of advanced change in India are extremely inspiring and make us stronger See that building item for India firstly encourages us to collect better items for customers. Google is investing 33,737 crore rupees in Jio. I am excited that our collaboration is a big number Will focus on expanding access to Indians who don’t “have a cell phone while improving the smartphone experience for everyone at present.”
