Reliance Industries Limited (RIL) has announced that it will focus on new growth engines for revenue generation for Jio.
Jio has developed an NBIoT on its pan-India 4G network. It aims to connect at least one billion connected devices on its IoT platform, which will translate into a revenue opportunity of Rs 200 billion annually. Jio’s IoTplatform will be commercially available starting January 1, 2020.
Over the next 12 months, Jio will install across India one of the largest blockchain networks in the world with tens of thousands of nodes operational.
Jio is setting up a pan-India Edge Computing and content distribution network starting with tens of thousands of nodes.
Jio and Microsoft have entered into a globally unique long-term alliance to accelerate the digital transformation.
Focus on SMEs
To run their business, a bundle of connectivity, productivity and automation tools costs a micro and small business between Rs 15,000 and Rs 20,000 per month currently. Jio plans to make these applications along with the connectivity available to small businesses at costs starting at Rs 1,500 per month.
- Crossed the 340 million subscriber mark to remain the world’s fastest growing digital services company.
- Signing up more than 10 million new customers every month.
- Invested nearly Rs 3.5 trillion towards creating a state-of-the-art digital infrastructure across India, with the largest optical fibre footprint.
- Divested about Rs 1.17 trillion of hard infrastructure into separate infrastructure investment trusts or InvITs to better monetise and unlock value from these assets.
- Investment cycle for Jio is now complete, and only marginal investments in access are now required to grow capacity to meet growing demand.