FULL TEXT: Mukesh Ambani’s speech on Reliance Jio launch and features

mukesh-ambani

The following is the full text of RIL Chairman Mukesh Ambani’s speech delivered today at Reliance Industries’ annual general meeting in Mumbai.

Dear Shareholders,

I start with the newest and youngest member of the Reliance family – Jio. Let me begin my words with a dedication. In the journey of time, there comes a few life changing movements. Our Prime Minister Shri Narendra Modi’s inspiring vision of a “Digital India” is one such movement. Jio is dedicated to realizing our Prime Minister’s vision for 1.2 billion Indians. Jio will give the “power of data” to each Indian to fulfil every dream and to collectively take India to Global Digital Leadership.

With these words, I want to dedicate the commencement of Jio to the Digital India Vision of our Prime Minister, 1.2 billion Indians and India. Esteemed Shareowners Why did we call our venture “Jio”? Why is our motto JIO – DIGITAL LIFE? Permit me to articulate the philosophy that has given birth to Jio. The world is at the beginning of a digital revolution. Anything and everything that can go digital is going digital – at an exponential rate. Faster than you and I can imagine. Whether it is manufacturing, commerce, healthcare, education, entertainment – life is going Digital.

Through the ages, information and knowledge have driven humanity’s progress. When you put the power of data connectivity, computing, software and information together, the price/performance of everything changes drastically. Everything gets disrupted. I believe, in the next 20 years as human civilization, we will collectively achieve more than what has been achieved in the last 300 years. We are at the beginning of a new era for humanity. In this era, if you are not digital, and if you don’t have globally competitive digital tools and skills, you simply will not survive.

You will get disrupted. You will be outcompeted. You will be left behind. You will become irrelevant. India and Indians cannot afford to be left behind. Today, India is ranked 155th in the world for mobile broadband Internet access, out of 230 countries. Jio is conceived to change this. I have no doubt that with the launch of Jio, India’s rank will go up to among the top ten. 1.2 Billion Indians cannot be left behind as the world enters a new era. We have the youngest population in the world.

Give them affordable digital tools. Give them the skills. Give them the environment. They will surprise us. It is this opportunity to transform India, and transform the lives of our 1.2 Billion Indians that motivated Reliance to invest in this space. And Jio is the result. We have called it Jio because Jio means to live. There is nothing more precious in this world for the rich or the poor than Life.

I believe it is the fundamental right of every Indian to live a life of freedom, a life of fulfilment and to realize their fullest potential. Digital Technologies open the doors to this Life- the Digital Life. However, Life cannot survive without oxygen. Data is the oxygen of Digital Life, and oxygen must never be in short supply. Worse still, the supply of oxygen for digital life must never be unaffordable to any user. Doing so shows disrespect for Life. Jio respects Life.

Which is why Reliance created Jio. Jio is more than just business for us. Jio is our solemn commitment to enrich the life of every Indian. Jio means TO LIVE and to BE ALIVE. To every opportunity and realize the potential of every Indian. Dear Shareowners, The world’s demand for Digital oxygen, that is data, is growing explosively. Jio’s mission is to meet this exploding need for India, and to take our nation from data shortage to data abundance. And to enable a Digital Life for a Digital India.

A Digital India – where the Digital Life of no Indian is ever threatened by scarcity, poor quality or unaffordability of data. Where access to information knows no barriers. Where quality education reaches the most inaccessible corners of the country driven by digital learning. Where quality healthcare percolates right up to the remotest regions powered by e-Healthcare. Where farmers are empowered with real-time Information to be connected with global markets. Where mobile and e-banking ensures financial Inclusion. Where connected Indians drive innovation and the world looks to India for the next big idea.

This is our Prime Minister Shri Narendra Modi’s Digital India vision. And Jio’s mission is to realize this Digital India vision, and to ensure that Indians have the highest quality and the highest quantity data access anywhere in the world, at the most affordable prices. Ladies and gentlemen, Jio is an entire ecosystem that will allow Indians to live Digital Life to the fullest.

The Jio ecosystem stands tall on FIVE fundamental pillars: 1. The best quality broadband network with the highest capacity 2. A world of affordable, 4G smartphones and wireless IP devices 3. Compelling applications and content 4. Superior digital service experiences, and 5. Affordable and simple tariffs.

Let me start with the first pillar – the network. All communication on the Internet is done using a digital language called the Internet Protocol – or IP for short. All smartphones, all computers, all servers – in fact – each and every participant on the Internet speaks IP.

In the ensuing future, even household items like Televisions, refrigerators, air-conditioners, washing machines and even light-bulbs will talk IP. Industrial equipment, instrumentation systems and control systems will speak IP. Public infrastructure like traffic lights and safety cameras will speak IP.

This is called the Internet of things. Most legacy telecom providers have not built their networks for data or the Internet. They have built their network to support voice and SMS. As the Internet revolution caught on, they have had to retrofit their legacy networks to deal with data and IP as an afterthought.

Click to read the rest of the speech in PDF format: MUKESH AMBANI AGM SPEECH 2016



Reliance Jio NOT TO EXTEND free data offer after March Reliance Jio will not be extending its Happy New Year free data offer beyond March 31, according to our sources in the company.The clarification comes in the wake dozens of reports claiming that it will extend the free scheme beyond the March 31 deadline into June."There is zero chance of that happening," said a senior official in the company's sale...
Idea Cellular – Vodafone merger announcement soon? Idea Spectrum HoldingIdea Cellular has put off the trimonthly meeting of its board of directors scheduled to take place tomorrow, raising speculation that it may soon announce a merger or deal with Vodafone India.The meeting was supposed to take on-board results  of the telecom operators' working the three months from October to December.After t...
Reliance Jio now allowing unlimited night downloads under Happy New Year plan Reliance Jio is now allowing its users to download an unlimited quantum of data at night under its Happy New Year offer.This is different from the earlier practice of allowing users to consume only 4GB of data per 24 hours.With this new feature, subscribers can download or consume 30 GB or 40 GB or even more data between 2 am and 5 am without aff...
How to overcome Reliance Jio’s 1GB limit by timing your downloads According to our tests, it is possible to download more than 1 GB using a single Reliance Jio connection using the Happy New Year offer.According to our tests, there is no limit on the number of GBs that can be downloaded under the Happy New Year offer between 2 AM and 5 AM.In our tests, we have been able to download over 40 GB in one night, without ...
Vodafone halves 4G data prices: 4 GB at 255 | 22 GB for 999 Vodafone has halved data prices, six months after cutting them by about 40%.Under the new 4G tariff announced today, customers will get 4 GB of data for Rs 250 and 22 GB for Rs 999.These are roughly half of the prevailing data rates in the market.The current data price in the market is 2 GB for Rs 250 and 10 GB for Rs 999.Vodafone is also off...
1GB LIMIT: Reliance Jio starts restoring full speed at end of day Reliance Jio, India's largest provider of wireless data, has modified its bandwidth limitation policy to restore full speed for the subscriber under its Happy New Year offer the next day.So far, a 4G subscriber who crossed the daily FUP limit of 4GB or 1GB had to wait for exactly 24 hours for Jio to lift the speed limits.Under the new policy, he ...
SUPERHOUR: The SECRET behind Vodafone’s Rs 16 offer It is no secret that India's second biggest telecom operator by revenue -- Vodafone -- is under threat from a rapidly growing No 3 -- Idea Cellular -- and an aggressive newcomer -- Reliance Jio.Though Idea is still behind the British firm when it comes to total revenue, Idea has already overtaken Vodafone as far as the data business is concerned, acc...
CRASH: Bharti Airtel offers 6 GB at Rs 147 per month Hit by competition from Reliance Jio, Bharti Airtel, India's largest telecom company, is offering a whopping 6 GB of 4G data for Rs 147 with a validity of 28 days.The offer is being rolled out only to prepaid users, and can be seen only in the 'only for you' deals section of Airtel's recharge app or website. As it is a targeted offer, it may not be ava...
BSNL matches Airtel, Idea with 339 unlimited voice + 1GB offer Bharat Sanchar Nigam Ltd has unveiled a new unlimited call plan, matching bigger rivals such as Idea Cellular and Bharti Airtel.While Airtel and Idea offer unlimited calls to any network in India plus 1 GB of 4G data for Rs 345, BSNL is doing so with a new recharge of Rs 339. In addition, BSNL's offer is valid for all customers whether they use 2G, 3...
BSNL to launch Gigafiber plans, slash FTTH tariff to counter Reliance Jio BSNL CMD interacting with consumersState-owned Bharat Sanchar Nigam Ltd will launch Gigafiber plans with speeds of over 1,000 Mbps to counter the threat from players like Reliance Jio, the head of the organisation said today."We have a similar strategy and soon we are going to come up with Gigabit OFC connection to customers in select locations," BS...
Tata DoCoMo cuts 3G price to Rs 40/GB under unlimited call plan Following its Rs 300 plan to give 2 GB of data and unlimited calls to any network in India, Tata DoCoMo has now unveiled a new plan that adds 3 GB more at an extra cost of Rs 50.The pack offers five times as much data for Rs 350 as is given by competitors like Bharti Airtel and Idea Cellular.The new plan, currently being tested via an invite system, ...
Is Reliance Jio DTH launching today? No, say sources It was supposed to destroy the competition and unleash a new era in TV watching, but Reliance Jio's DTH service has so far failed to turn up on the rumored launch date of Dec 15.As we had predicted last month, the company had no plans of launching any DTH service, and did not tie up with any satellite provider for leasing transponder capacity. Our checks...
Airtel halves 4G data price to Rs 495/10GB; offers freebies to take on Reliance Jio Bharti Airtel cuts 4G data prices by halfOver the last two days, Bharti Airtel has quietly slashed its 4G pack prices to unprecedented levels in reaction to upcoming plans from Reliance Jio.According to the new data plans available to anyone who recharges using Airtel's online or app facility, the price of 10 GB of 4G data pack has been brought down...
Pokemon Go launched in India in association with Reliance Jio Pokemon Go, the virtual reality game where players have to 'catch' and 'train' creatures called Pokemons, has officially been launched in India, months after it first became available in markets such as the US.The India launch has been done in association with Reliance Jio, the 4g mobile operator from the Mukesh Ambani group."With this partnership, t...
Lenovo issues VoLTE update for K5, Plus and Note with Reliance Jio support Three months after Reliance Jio started giving out free connections, Lenovo -- the biggest online smartphone brand in India -- has started pushing out VoLTE update to those who bought its last generation phones - the K5, and its Note and Plus variants.Out of these, at least some Note users have already got the OTA update as early as October this year, ...