With Big Silicon Valley investors, Can Mukesh's Jio Be a Juggernaut over Chinese giants like Huawei, Xiaomi, and Tencent? - TNBC USA

Earlier this month The US-China Tension in the South China Sea followed by the 5G Ban on Huawei this Tuesday triggers the hint of a Cold War that may have already begun between this two Economic giants.

Also adding up the tension between India and China which has already started with the border dispute along with the pandemic spread. It’s clear that the monopoly dominance and unveiling power of the World’s Economic Giant are now taken seriously.

India already started by banning 59 Chinese apps and moving to ‘Atmanirbhar Bharat Abhiyan‘, a vision of the Prime Minister of India Narendra Modi of making India a self-reliant nation. The courageous step was highly praised by the US Secretary of State Mike Pompeo.

Amidst the tension Reliance Jio now has become the Global attraction of the investors. for the past eight weeks, Mukesh’s Jio has raised near about INR 108,103.05 Crore only from the Amerian Investors.

On RIL’s 43rd Annual General Meeting, Mr. Ambani confirmed the news of Google’s Investment in the tech sector. This made Ambani the ninth Richest Person in the World with a net worth of $67.8 billion. With the latest investment from Google, the company raised $20.2 billion for the company in less than 3 months.

The key takeaways from the Meeting which was held virtually for the first time due to the pandemic are:

  • 1. India’s First affordable 5G network using 100% homegrown technologies & Solutions
  • 2. Google-Jio Affordable 5G smartphones, India’s 1st 5G network by 31st March 2021.
  • 3. Strategic Partnership with Google.
  • 4. Expansion of JioMeet, Jio’s Online video conferencing App to edu-tech and healthcare technology through JioheathClub.
  • 5. Jio-Facebook Collaboration to expand JioMart Into more cities, using Whatsapp as an E-commerce Platform
  • 6. JioGlass an affordable mixed reality headset for various commercial applications

The chairman and the Managing Director also emphasizes Jio’s Commitment towards its existing partnership with Microsoft in terms of Microsoft’s Azure Cloud services.

Now with RIL Commitments to all its stakeholders by exceeding its business targets in these difficult times and its determination to develop and grow completely going Atmanirbhar by stating “The time has come for services made in India to fully go global,”.

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