Addressing the 41st annual general meeting (AGM) of Reliance Industries’, its Chairman and Managing Director (CMD) Mukesh Ambani on Thursday unveiled his future vision for Reliance industries and specifically for Reliance Jio.
Mr. Ambani at the AGM said, “We are determined to connect everyone and everything everywhere –always at the highest quality and the most affordable price. Our network has a wider coverage than any other network in India; we are on track towards achieving our target of 99% population coverage with 4G-LTE. This means that jio will be present in every disctrict, taluka, gram panchayat and village in India.”
Sharing some interesting facts about data usage in India, Mr. Ambani said, “Data usage has grown from 125 crore GB per month to more than 240 crore GB per month. The amount of video consumption has grown from 165 crore hours of videos per month to more than 340 crore hours per month. Voice usage on the network has grown from 250 crore minutes per day to more than 530 crore minutes per day.”
“Even after serving all the needs of our 215+ million customers, the capacity utilization of the JIO network is less than 20%,” Ambani added.
Talking about the Reliance Jio’s growth, Mukesh Ambani said, “we have achieved this unprecedented network growth while maintaining our number one position as the fastest network in India as attested by TRAI speed test data for each and every month of the past year.”
Along with Ambani scions Isha and Akash Ambani, Shloka Mehta, the to-be daughter-in-law of Mukesh Ambani was also present at the AGM.