Reliance Industries AGM 2020 Highlights: Jio Has Developed 5G Solution From Scratch

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Reliance Industries AGM 2020 Highlights: Jio Has Developed 5G Solution From Scratch

Highlights of RIL AGM 2020: Jio has designed and developed 5G solution from scratch, says Mukesh Ambani

Billionaire Mukesh Ambani-led Reliance Industries is conducting its annual general meeting (AGM). This is the 43th AGM of the country’s most valuable company, Reliance Industries, whose market capitalisation topped the Rs 12 lakh crore mark earlier this week. In a first, oil-to-telecom conglomerate RIL’s annual general meeting is being held through video conferencing.

Here are the highlights of Reliance Industries 43rd Annual General Meeting:

  • Coronavirus crisis is most disruptive event in modern human history, says Mukesh Ambani
  • With over Rs 200,000 crore Reliance Industries is the biggest exporter in the country, says Mukesh Ambani
  • Consumer business contributed 35% to company’s consolidated EBITDA, says Mukesh Ambani
  • Welcome Google as a strategic partner in Jio Platforms, says Mukesh Ambani
  • Google will invest Rs 33,737 crore for 7.7% stake in Jio Platforms, says Mukesh Ambani
  • Jio has designed and developed 5G solution from scratch, says Mukesh Ambani
  • Dedicate 5G solution to Prime Minister Narendra Modi’s vision of Atmmanirbhar Bharat, says Mukesh Ambani
  • Reliance Industries has raised Rs 2.12 lakh crore via investments in Jio, partnership with BP and rights issue, says Mukesh Ambani
  • Facebook and Jio share strong vision of digitally empowering consumers, small businesses and entrepreneurs across India, says Mukesh Ambani
  • Google and Jio are partnering to build an android based smartphone operating system, says Mukesh Ambani 
  • Well positioned to help Indian startups in number of ways, says Mukesh Ambani 
  • Believe we can build an entry-level affordable 4G or even 5G smartphone, says Mukesh Ambani
  • With Facebook and Google, even more confident of achieving our goals, says Mukesh Ambani
  • Due to unforeseen circumstances in energy market and the COVID-19 situation Saudi Aramco deal has not progressed as per original timelines, says Mukesh Ambani
  • We will approach NCLT with a proposal to spin off our O2C business into a separate subsidiary to facilitate multiple partnership opportunities, says Mukesh Ambani
  • Expect to restart KG-D6 basin with end of the year to provide India with natural gas which is cleanest fossil fuel, says Mukesh Ambani

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