Digital India & how Reliance Jio Shaping the Future
Digital India program is an initiative of the Government of India towards enriching India. Its main objective is to set a new record in the field of science and technology in the country. By this, the only goal is to empower the country digitally. In the present era, today the same country is ahead which has made science and technology the medium of the progress of its country. Often there are consultations about its merits and demerits.
Digital India launched
A program started in the name of Digital India campaign on July 1, 2015, at the Indira Gandhi Indoor Stadium in Delhi in the presence of veteran industrialists like Tata Group Chairman Cyrus Mistry, RIL Chairman and Managing Director Mukesh Ambani, Wipro Chairman Azim Premji, etc. Gone.
To develop the country digitally and improve the country’s IT institute, Digital India is an important initiative.The program has been unveiled by launching various schemes of Digital India campaign like Digital Locker, National Scholarship Portal, e-Health, e-education, e-sign like various INDIA NEWS program.
Nine Pillars of Digital India
- Broadband facility
- house to house phone
- Public Internet Access Program — National Rural Internet Mission
- E-Governance: Reform through Technology
- e-revolution: electronic delivery of services
- Information for all
- Electronics Manufacturing: Net Zero Import Target by 2020
- IT Jobs
Since Facebook announced in April that it would invest $5.7 billion to buy 9.99% of its digital business unit — Reliance Jio Platforms — a string of global tech companies and financial investors have followed suit. In a span of 12 weeks, it wooed global investors including Silver Lake, Vista Equity Partners, General Atlantic, KKR, L Catterton, TPG, Mubadala and Abu Dhabi Investment Authority, taking the total investment in the digital services platform to $13.7 billion.
American semiconductor giant Intel announced an investment worth about $250 million in Jio Platforms, with news abuzz that Reliance is looking to develop 5G hardware in-house for its mobile network.
At the 43rd annual general meeting of Reliance Industries (RIL) on 15 July 2020, the company’s head Mukesh Ambani has announced another deal. Mukesh Ambani, the world’s sixth wealthiest person, said that the global technology company Google is going to invest in the Jio platform which will invest Rs 33,737 crore in RIL’s digital unit. It will buy a 7.7 percent stake in Jio Platform.
A technology platform company
Reliance Jio caused widespread disruption in the otherwise muffled telecom sector in India by offering the superfast 4G services that included free calls and cheap data packages This was TOP NEWS IN INDIA that’s time.
That war of attrition prompted its rivals to either exit or merge with others, leaving only three private carriers — Reliance Jio, Bharti Airtel and Vodafone Idea — from about a dozen a few years ago — and attained the top position in terms of market share with over 388 million subscribers.
Today, Jio’s technology umbrella already includes broadband services, smart devices, cloud and edge computing, big data analytics, artificial intelligence, internet of things (IoT), augmented and mixed reality and blockchain, thereby slowly and steadily reinventing itself as a technology platform company.
Shaping the Digital Future
Reliance Jio is now being placed in the center of a digital platform to drive the group’s growth into e-commerce, payments, and online entertainment. For example, the Facebook deal gives Jio Platforms access to WhatsApp as the platform for pushing JioMart, its digital commerce platform. With the phenomenal rise of WhatsApp users in India, the vision for this project is to bring the nearby stores to consumers on WhatsApp. JioMart is now extended JioMart to 200 cities including all metros. With millions of these small merchants and Kirana stores across the country, Ambani sees “a $700 billion opportunity out there.
This also fits in perfectly with the Government of India’s push for digital payments, and particularly mobile payment, as part of the Digital India mission. The company also jumped into the videoconferencing market this week by launching a homegrown video calling solution — JioMeet to take on the likes of Zoom, Microsoft Teams and Google Meet, etc, and all this amid the calls of making India self-reliant.
According to Petrone, Reliance which spent tens of billions of dollars building out Jio now needs to pay off its debts. The new investments will allow the conglomerate to focus on the digital part of the business, which is the most promising. While the oil refining business still accounts for the bulk of the company’s revenues, it has been hit hard by the fall in oil prices and demand.
“Mukesh Ambani has had this vision to vertically integrate multiple sectors and do digital cross-selling across those sectors since long before he launched Jio,” Sanchit Vir Gogia, chief analyst and CEO of Greyhound Research, an independent technology industry research firm mentioned in his LATEST NEWS blog.
Ambani has now set his sights on another industry: financial services. On April 30, Reliance quietly announced financial services as its newest business segment. Some took it as the latest sign that Reliance wants to become an Indian version of Alibaba, the Chinese e-commerce giant founded by Jack Ma, one of the few who rivals Ambani on Asia’s rich list. As Gogia already predicted Ambani’s next big thing will most likely be the financial sector. “With that accomplished, Reliance will look bigger than Alibaba,” he noted.
While Ambani takes Digital India to a new high, it might not spell the end of the reshaping of Reliance. It would be interesting to see how the story unfolds to define India’s digital economy for the decades to come.
Visit The Website :- First India
